About Avalon USDa (USDA)

Avalon USDa (USDa) is a Bitcoin-backed stablecoin issued within Avalon Labs’ CeDeFi lending ecosystem, designed to maintain a 1:1 peg (convertible on-chain to USDT) while offering capital-efficient liquidity and borrowing via collateralized debt positions over Bitcoin.

Avalon USDa currently has a price of $0.984174, which is 1.5826% away from its peg to USD. It has a market capitalization of $270.84M, which has changed by +1.21% over the past 30 days.

Avalon USDa is issued by Avalon Finance. Avalon Labs is a CeDeFi (centralized + decentralized finance) protocol and stablecoin issuer focused on unlocking Bitcoin liquidity in DeFi and CeFi by enabling BTC-collateralized borrowing, fixed borrowing rates, and yield options through its USDa stablecoin and associated yield products.