🚀 USDa Surpasses 700 Million USD and Becomes the Second Largest CDP in the World 🌍
According to DefiLlama, USDa, the first stablecoin backed by Bitcoin issued by Avalon Labs, has become the second largest CDP project in the world, only after DAI by MakerDAO. The total value locked (TVL) of USDa has exceeded 700 million USD.
💸 USDa supports 1:1 conversion to USDT with a borrowing rate of only 8%. Avalon Labs is also the champion of the second round of the BNB incubation alliance.
⭐️ Assessment:
USDa is demonstrating outstanding strength in the stablecoin market while opening up new opportunities for investors in the DeFi space.
