Avalon Labs announced the completion of a strategic financing round, led by YZi Labs, with participation from GSR and others.

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PANews May 27 news, according to official news, Bitcoin on-chain Capital Market Avalon Labs announced the completion of a strategic round of financing, led by YZi Labs, with participation from Mirana, CE Innovation Capital, and GSR, with the specific amount undisclosed. Avalon stated that this financing will support multiple initiatives, including regional license applications, public fund launches, and the expansion of institutional lending services. According to news from yesterday, YZi Labs announced an investment in Avalon Labs. It is reported that Avalon currently serves over 20,000 BTC, has more than 300,000 active users, and a total locked value exceeding $500 million. Its Bitcoin stablecoin USDa has become the second largest CDP project on DeFiLlama.

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