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USDa, a stablecoin backed by BTC, has become the second largest CDP, second only to DAI.
BlockBeats news, on December 11th, according to DefiLlama data, BTCStable Coin USDa launched by Avalon Labs has become the second largest CDP Stable Coin project, second only to MakerDAO issuance DAI. USDa supports 1:1 exchange with USDT, with an Interest Rate for borrowing at 8%. Avalon Labs is a BTCFi financial infrastructure platform with a TVL exceeding 2 billion US dollars. The project has won the second round of the BNB incubation program and successfully entered the MVB8 accelerator program for the eighth season.