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Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing

Coinedition LogoCoinedition23h ago

Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing - Coinedition

Quick Summary:

Avalon Labs has launched USDa, a Bitcoin-backed overcollateralized stablecoin.

Its collateralized Bitcoin assets are $200 million, according to data from the project’s website.

Avalon Labs also opened a $50 million deposit quota.

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Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing - Coinedition (Picture 1)

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Article Details

Author / Journalist: Anisha Pandey

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 14:50:00 (23 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 133 words

Reading Time: 1 minutes read

Sentences: 54 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23555915

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About Coinedition

Coinedition Logo

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 11 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 16 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

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The story "Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing" has 133 words across 54 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing" was covered 23 hours ago by Coinedition, a news publisher based in India.

How trustworthy is 'Coinedition' news outlet?

Coinedition is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 11 news stories per day.

It's most recent story was published 16 hours ago.

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  • News ID: #23555915
  • URL: https://beamstart.com/news/avalon-labs-usda-stablecoin-reaches-17314268009324

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