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Avalon Labs secures over $2 billion in credit lines to drive institutional-grade bitcoin-collateralized lending
BlockBeats News: On March 10, Avalon Labs announced that it had successfully secured a minimum credit line of $2 billion, which was provided by a well-known consortium in Asia, marking an important milestone for institutional lending in the crypto industry. This historic breakthrough is not only an important milestone in the institutionalization of DeFi, but also highlights Bitcoin’s strategic position in the global financial system. Avalon Labs will use this credit support to provide institutional-grade USDT liquidity to institutions, while building a more robust and efficient Bitcoin overcollateralized lending system with an 8% fixed lending rate and a USDa-based stablecoin-based yield mechanism. As a leading Bitcoin stablecoin issuer and lending platform, Avalon Labs is driving the deep integration of DeFi and traditional finance, leading global institutions into a new era of Bitcoin power.