Wu Blockchain (@WuBlockchain): According to DefiLlama, USDa, the world’s first Bitcoin-backed stablecoin issued by Avalon Labs, has become the world’s second-largest CDP project, se…
Estimated coin impact
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According to DefiLlama, USDa, the world’s first Bitcoin-backed stablecoin issued by Avalon Labs, has become the world’s second-largest CDP project, second only to MakerDAO’s DAI. The total value locked (TVL) of USDa has exceeded $700 million. USDa supports 1:1 conversion to USDT with a borrowing rate of only 8%. Avalon Labs was the champion of the second round of the BNB Incubation Alliance. usda.avalonfinance.xyz/markets/