news 
Avalon Labs Secures $10 Million in Series A Funding Round to Revolutionize Bitcoin’s Decentralized Finance Ecosystem
In a significant development, Avalon Labs has successfully raised $10 million in its inaugural series A funding round. The prominent investment firms participating in this funding include UXTO Management, Prestoby Framework Ventures, and Kenetic Capital.
The funds secured will be used by Avalon Labs to expand its decentralized finance (DeFi) ecosystem built on Bitcoin’s blockchain technology. By leveraging the funding support, the company aims to further develop its flagship product, USDa stablecoin, which enables users to tap into DeFi solutions while maintaining their BTC positions.
Source: coinjournal.net
