According to news on December 11, according to DefiLlama data, the Bitcoin stablecoin USDa launched by Avalon Labs has become the second largest CDP stablecoin project, second only to DAI issued by MakerDAO. USDa supports 1:1 exchange for USDT, and the lending interest rate is 8%. Avalon Labs is a BTCFi financial infrastructure platform with TVL exceeding US$2 billion. The project won the second round of the BNB incubation program and was successfully selected for the MVB8 Season 8 accelerator project.