On March 10, Avalon Labs announced that it had successfully obtained a minimum credit line of $2 billion, which was provided by a well-known consortium in Asia, marking an important milestone in institutional lending in the crypto industry. This historic breakthrough is not only an important 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 institutions with institutional-grade USDT liquidity, while building a more robust and efficient bitcoin over-collateralized lending system with an 8% fixed lending rate and a USDa stablecoin-based yield mechanism.
Avalon Labs Secures Over $2 billion Credit Line to Boost Institutional-Grade Bitcoin Collateral Lending
2025-03-10 06:22:43
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