The stablecoin sUSDa for Bitcoin has been launched on Pendle
On January 27, the Bitcoin stablecoin protocol AvalonLabs announced that it has officially launched sUSDa on the Pendle platform. Users holding PT-sUSDa can get a fixed APY of 28.71% until maturity, and those holding LP can get up to 31.56% APY. As a leading financial infrastructure platform in the BTCFi field, AvalonLabs' total value locked (TVL) has exceeded $2 billion. In 2024, AvalonLabs successfully completed a Series A financing of $10 million led by Framework Ventures, further consolidating its competitive advantage in the field of crypto finance.
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