💰USDa from Avalon Labs: The New Force in the World of CDP Stablecoins

The USDa stablecoin, backed by Bitcoin and launched by Avalon Labs, has managed to become the second largest collateralized debt position (CDP) stablecoin project, surpassing $2 billion in total value locked (TVL). Avalon Labs, a financial infrastructure platform focused on Bitcoin finances (BTCFi), has gained recognition by winning the second round of the BNB incubation program and being selected for the eighth season of the MVB8 accelerator program. What impact could USDa have on the ecosystem of stablecoins and decentralized finance?

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