Avalon Labs receives more than $2 billion in credit line to boost institutional bitcoin mortgage lending
On March 10, Avalon Labs announced that it had successfully obtained a minimum credit line of US$2 billion provided by a well-known consortium in Asia, 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 Bitcoin's strategic position in the global financial system. Avalon Labs will use this credit support to provide institutional USDT liquidity to institutions, and at the same time use a fixed borrowing rate of 8% and a USDa-based income mechanism to create a more stable and efficient Bitcoin excess mortgage lending system.
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