The Bitcoin stablecoin USDa launched by Avalon Labs has surpassed 200 million in circulation just two weeks after its launch, with a seven-day growth rate of 100%. USDa has become the third largest over-collateralized stablecoin globally, marking the entry of Bitcoin stablecoins into the mainstream market. As a BTCFi infrastructure platform, Avalon Labs has managed a total locked value exceeding 1.8 billion dollars, equivalent to approximately 20,000 Bitcoins, demonstrating its strong growth potential in the cryptocurrency market.