Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Avalon Labs Secures Over $2 Billion Credit Line to Promote Institutional-Grade Bitcoin-Backed Lending

Avalon Labs Secures Over $2 Billion Credit Line to Promote Institutional-Grade Bitcoin-Backed Lending

CointimeCointime2025/03/10 07:00
By:Cointime

Avalon Labs announced that it has successfully obtained a minimum of $2 billion credit line, which is provided by a well-known Asian financial consortium. This marks an important milestone for institutional borrowing in the crypto industry. This historic breakthrough is not only an important milestone for the institutional development of DeFi, but also highlights the strategic position of Bitcoin in the global financial system.

With the support of this credit, Avalon Labs will provide institutional-grade USDT liquidity for institutions. At the same time, with an 8% fixed lending rate and a revenue mechanism based on the USDa stablecoin, it will create a more robust and efficient Bitcoin over-collateralized lending system.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitget Spot Bot adds VIC/USDT

Bitget Announcement2025/03/12 15:20

Crypto ETFs and ETPs bleeding out

Kriptoworld2025/03/12 14:11

Crypto trading hits Spain, thanks to the BBVA

Kriptoworld2025/03/12 14:11