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

Coinedition LogoCoinedition1w 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 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 133 words

Reading Time: 1 minutes read

Sentences: 51 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

Year Established: 2020

Headquarters: India

News Last Updated: 1 days 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

Publisher Details

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The story "Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing" was covered 1 weeks ago by Coinedition, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 0 news stories per day.

It's most recent story was published 1 days ago.

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

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