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BTC stablecoin USDa collaborates with Ethena Labs to launch arbitrage opportunities for USDa and USDe.
BlockBeats news, on November 14th, Avalon Labs, the world's first BTC-based over-collateralization Stable Coin USDa, announced a partnership with Ethena Labs to assist BTC users in implementing arbitrage strategies for sUSDe, PT-USDe, and PT-sUSDe using USDa with a fixed interest rate of 8%. As the first on-chain fixed interest rate lending product, USDa can be widely used in the Decentralized Finance ecosystem, further enhancing users' arbitrage and investment choices. Avalon Labs is a financial infrastructure platform in the BTCFi field, and the amount of locked positions managed by it has exceeded 1.3 billion US dollars, approximately 15,000 BTC. As the champion of the second round of the BNB incubation program, Avalon Labs successfully entered the MVB8 Season 8 Accelerator.