YZi Labs announced its investment in Avalon Labs, which is dedicated to building a native Bitcoin on-chain capital market. Avalon currently serves over 20,000 BTC, has over 300,000 active users, with a total lock-up value of over 500 million US dollars. Its Bitcoin stablecoin USDa has become the second largest CDP project on DeFiLlama. Avalon plans to use a new round of financing to drive compliance processes and expand institutional business, with the goal of becoming the first regulated Bitcoin on-chain financial institution.
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YZi Labs invests in Bitcoin on-chain capital market Avalon Labs
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