Avalon Labs, the team behind the upcoming Bitcoin-backed stablecoin USDa, has announced the launch of its governance token, AVL. The ERC-20 token will provide holders with voting rights on the future development of the USDa stablecoin platform. The launch of AVL marks the beginning of the Token Generation Event (TGE) for Avalon Labs. The company is planning to use the funds raised from the TGE to further develop the USDa platform and expand its team. Avalon Labs CEO Richard Rosenblum said that the launch of AVL is a major milestone for the company. "We are excited to give our community a voice in the future of USDa," he said. "AVL will allow holders to participate in the governance of the platform and help us to make USDa the most successful stablecoin in the world."