According to BlockBeats news, on November 13, Avalon Labs launched the world's first over-collateralized stablecoin based on Bitcoin—USDa, and announced its security audit results. USDa has passed a joint audit by three authoritative auditing firms: Salus, BlockSec, and SlowMist, successfully passing the review and demonstrating its security.
In addition, to further strengthen on-chain security guarantees, Avalon Labs has adopted Fuzzland's 24-hour real-time security monitoring solution. Fuzzland provides comprehensive on-chain protection through 24/7 on-chain penetration testing, AI-driven fuzz testing, and formal verification, effectively preventing potential security threats and ensuring the continuous security of the ecosystem.
Avalon Labs is a financial infrastructure platform in the BTCFi space, currently managing a locked amount of over $1.3 billion, approximately 15,000 Bitcoins. As the champion of the second round of the BNB incubation program, Avalon Labs successfully entered the MVB8 Season 8 accelerator.
