YZi Labs invests in Avalon Labs to advance the Bitcoin financial ecosystem

TechFlow, May 26 — According to an official announcement, YZi Labs has announced an investment in Avalon Labs, which is building a capital market on Bitcoin. By offering USDa, a Bitcoin-backed stablecoin, lending services, yield accounts, and credit cards, Avalon Labs is transforming Bitcoin from a mere store of value into a practical financial asset. The Avalon ecosystem currently has over $500 million in total value locked, serving more than 20,000 Bitcoin and 300,000 active users. USDa has become the second-largest CDP on DeFiLlama. The funding will be used to advance regulatory compliance and institutional lending operations.