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

03/10 06:25

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Avalon Labs announced that it has successfully obtained a minimum of $2 billion credit line, which is provided by a well-known Asian financial consortium. This marks an important milestone for institutional borrowing in the crypto industry. This historic breakthrough is not only an important milestone for the institutional development of DeFi, but also highlights the strategic position of Bitcoin in the global financial system.

With the support of this credit, Avalon Labs will provide institutional-grade USDT liquidity for institutions. At the same time, with an 8% fixed lending rate and a revenue mechanism based on the USDa stablecoin, it will create a more robust and efficient Bitcoin over-collateralized lending system.

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