Avalon Labs Secures Over $2 Billion Credit Line to Promote Institutional-Grade Bitcoin-Backed Lending

CoinRank News: According to official news, Avalon Labs announced that it has successfully obtained a minimum credit line of US$2 billion, which is provided by a well-known Asian consortium, marking an important milestone in institutional lending in the crypto industry. This historic breakthrough is not only an important milestone in the institutional development of DeFi, but also highlights the strategic position of Bitcoin in the global financial system. With this credit support, Avalon Labs will provide institutions with institutional-grade USDT liquidity, while relying on an 8% fixed lending rate and a USDa stablecoin-based income mechanism to create a more robust and efficient Bitcoin over-collateralized lending system. As a leading Bitcoin stablecoin issuer and lending platform, Avalon Labs is promoting the deep integration of DeFi and traditional finance, leading global institutions into a new era driven by Bitcoin.