Avalon Labs Secures Over $2 Billion Credit Line to Promote Institutional-Grade Bitcoin-Backed Lending

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ODAILY
03-10
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Odaily reports that according to official information, Avalon Labs has successfully obtained a credit line of at least $2 billion, provided by a well-known Asian financial consortium. This marks an important milestone in the institutionalization of the cryptocurrency lending industry. This historic breakthrough is not only a significant milestone in the institutionalization of DeFi, but also highlights the strategic position of Bitcoin in the global financial system. Avalon Labs will use this credit support to provide institutional-level USDT liquidity to institutions, while building a more stable and efficient Bitcoin over-collateralized lending system based on an 8% fixed lending rate and a yield mechanism based on the USDa stablecoin. As a leading Bitcoin stablecoin issuer and lending platform, Avalon Labs is driving the deep integration of DeFi and traditional finance, leading global institutions into the new era of Bitcoin-driven finance.

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