Avalon USDa

Avalon Labs positioned USDa as the largest dollar built on Bitcoin credit, the anchor of its CeDeFi lending business. A borrower locks Bitcoin as collateral and mints USDa against it, keeping exposure to any BTC appreciation while pulling out spendable dollars pegged to the value of USDT. It is an over-collateralized onchain claim redeemable through the protocol's conversion vault rather than a fiat redemption desk, and the token carries no license: TBT Global, a British Virgin Islands company, runs it as an unregulated CeDeFi protocol. Supply expands and contracts with the Bitcoin collateral behind it, a design meant to blunt depeg risk, and the token spans seventeen networks from Ethereum and BSC to Berachain, Avalanche and Sonic. Avalon's wider platform has held over a billion dollars in value, with USDa a large share of that.