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Avalon Labs on Monday announced the launch of USDa, a Bitcoin (CRYPTO: BTC)-backed stablecoin designed to enable Bitcoin holders to unlock liquidity without selling their holdings. The stablecoin, built on LayerZero’s cross-chain technology, aims to position Bitcoin as a source of liquidity within decentralized and centralized financial systems, rather than a passive store of value. USDa provides Bitcoin holders with the option to collateralize their Bitcoin in exchange for stablecoin liquidity at a fixed borrowing rate of 8%. This model allows Bitcoin holders to engage in yield-generating act…

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