Wu Blockchain (@WuBlockchain): The world’s first Bitcoin-backed overcollateralized stablecoin, USDa, has surpassed 200 million in supply within just two weeks of its launch, ranking…
Estimated coin impact
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The world’s first Bitcoin-backed overcollateralized stablecoin, USDa, has surpassed 200 million in supply within just two weeks of its launch, ranking as the third-largest CDP stablecoin after MakerDAO and JustStables. Issued by Avalon Labs, a leader in Bitcoin-focused on-chain financial platform, USDa represents a major step in mainstreaming Bitcoin-backed stablecoins in the stablecoin sector. Avalon Labs was the champion of the second round of the BNB Incubation Alliance. usda.avalonfinance.xyz/markets/