Data: The total amount of USDa loans has broken through 270 million US dollars, and TVL has broken through 800 million US dollars

Foresight News reports, according to official data from Avalon Labs, the total lending amount of USDa, the first over-collateralized stablecoin based on Bitcoin, has exceeded $270 million with a fixed annual interest rate of 8%. Currently, USDa's Total Value Locked (TVL) has surpassed $800 million.

As a leading financial infrastructure platform in the BTCFi field, Avalon Labs' TVL has broken through $2 billion. In 2024, Avalon Labs completed a Series A financing round led by venture capital firm Framework Ventures for $10 million.