In a new development, YZi Labs has invested in Avalon Labs, a Bitcoin on-chain financial platform providing solutions in the area of digital finance. Avalon works toward making Bitcoin a fully realized asset utilized in lending, saving, and regular consumption with a secure digital framework.
Avalon Labs now manages over 20,000 Bitcoins and has a growing user base that surpasses 300,000 global accounts. Its services include BTC-backed lending, a stablecoin called USDa, savings plans, and a credit card for digital spending. However, the company positions itself as a fully scalable and accessible Bitcoin finance network for worldwide users.
Avalon’s USDa stablecoin has reached the second position among CDP (Collateralized Debt Position) projects on DeFiLlama. The platform holds more than $500 million in total value locked, highlighting its fast rise in the decentralized finance sector.
Avalon Labs participated in Season 8 of the Most Valuable Builder (MVB) program, a startup initiative run by BNB Chain, CoinMarketCap, and YZi Labs. However, YZi Labs still backs high-impact businesses in Web3, healthcare, and AI while overseeing over $10 billion in assets internationally
Avalon Leads Bitcoin Integration With Innovation
However, Avalon’s roadmap now encompasses the process of obtaining regulatory licenses in several nations with legal partners to roll out a public fund. His step aims to push Avalon closer to its goal of becoming the first regulated on-chain Bitcoin financial institution with a complete service offering.
Alex Odagiu, Investment Director at YZi Labs, noted that Avalon uses Bitcoin’s trust and liquidity to create an integrated financial structure. Venus Li, co-founder of Avalon Labs, added that bringing Bitcoin-related products to everyday financial life remains a key priority for widespread usage.
Nonetheless, Avalon Labs is at the cutting edge of Bitcoin’s transition from stored value to real-world economic participation, providing solutions for both traditional investors and cryptocurrency users.
