Avalon Labs' Bitcoin stablecoin USDa has made significant progress in the DeFi space. According to DefiLlama data, USDa has become the second-largest CDP stablecoin project, only behind MakerDAO's DAI. USDa supports a 1:1 exchange with USDT, with a lending rate of 8%. Avalon Labs, as a BTCFi financial infrastructure platform, has surpassed a total locked value (TVL) of 2 billion dollars and has performed exceptionally well in the BNB incubation program and MVB8 accelerator project.