According to Foresight News and CoinDesk reports, the issuer of the stablecoin USDa, Avalon Labs, has completed a $10 million Series A financing round led by Framework Ventures, with participation from UXTO Management, Presto Labs, and Kenetic Capital. The company aims to transform Bitcoin from a digital store of value into a more active financial tool, allowing users to stake Bitcoin to earn USDa at a fixed lending rate of 8%.