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Bitcoin stablecoin sUSDa has been launched on Pendle

Online reports that on January 27, AvalonLabs, the Bitcoin stablecoin protocol, announced that it has officially launched sUSDa on the Pendle platform. Users holding PT-sUSDa can get a fixed APY of 28.71% until expiration, and holding LP can get a maximum of 31.56% APY. As the leading financial infrastructure platform in the BTCFi field, AvalonLabs currently has a total locked position value (TVL) of more than US$2 billion. In 2024, AvalonLabs successfully completed a US$10 million Series A financing led by Framework Ventures, further consolidating its competitive advantage in the crypto finance field.

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