BlockBeats Latest News! The Bitcoin stablecoin USDa issued by Avalon Labs has surpassed a circulation of 200 million coins just two weeks after its launch, with an astonishing growth rate of 100% in seven days! 🎉 This makes USDa the third largest over-collateralized stablecoin globally, following MakerDAO's DAI and JustStables' USDJ. Bitcoin stablecoins have finally secured a place in the mainstream stablecoin arena.

Avalon Labs is an infrastructure platform in the BTCFi space, currently managing a total locked value (TVL) of over 1.8 billion dollars, equivalent to about 20,000 bitcoins. The strength of Avalon Labs is not to be underestimated; they previously won the second round championship in the BNB incubation program and successfully made it into the MVB8 eighth season accelerator program.

The rapid rise of USDa not only showcases Avalon Labs' technical prowess but also reflects the strong market demand for Bitcoin stablecoins. For investors, this is undoubtedly an emerging field worth paying attention to.

So, what do you think about the future development of USDa? Will it become the next dark horse in the stablecoin market? Feel free to share your thoughts and insights in the comments section! Let's discuss this exciting topic together!