Avalon Labs is creating an on-chain financial center for Bitcoin, offering BTC-backed
lending, a Bitcoin-backed stablecoin, yield accounts, and a credit card. The goal is to
make Bitcoin an active economic asset in global markets through a scalable and
accessible network.
USDa is the flagship CDP (Collateralized Debt Position) product based on Avalon's CeDeFi
lending platform. The goal of USDa is to provide the best stablecoin solution for DeFi
community with extremely high capital efficiency, stability and deep liquidity from BTC
community.
USDa Price Analysis
As of December 3 2024 USDa has a marketcap of $188M.
This is {{percentagefromath}} from its all time high of $1.009.
In terms of its tokenomics, there's a total supply of 188M with 100% currently outstanding.
Keep in mind USDa has a fully diluted value of $188M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
