Avalon Labs raises 10 million USD to expand Bitcoin-backed stablecoin operations

The recent 10 million USD funding for Avalon Labs signals growing investor confidence in Bitcoin-backed stablecoins, reflecting broader trends in cryptocurrency appeal and the rising interest in stable financial instruments associated with BTC.

Avalon Labs plans to expand in the stablecoin sector due to HIGH demand for Bitcoin-linked products. This Series A funding round emphasizes the competitive nature of the cryptocurrency realm and the innovative solutions being developed.

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