Avalon Labs recently completed a $10 million Series A funding round, led by Framework Ventures, with other participants including UXTO Management, Presto Labs, and Kenetic Capital. Avalon is working to transform Bitcoin from a mere digital store of value into a more dynamic financial tool. In addition to issuing a Bitcoin-backed stablecoin USDa, Avalon also offers Bitcoin-backed loans, yield savings accounts, and credit cards. This initiative may open new doors for Bitcoin's application in the financial sector, and it is worth ongoing attention. 🚀💰