CZ's YZi Labs Ignites Avalon, Bitcoin DeFi's $500M Ecosystem

  • CZ's YZi Labs has invested in Avalon Labs to expand Bitcoin-backed finance. Avalon manages over 20,000 BTC through USDa stablecoin, collateralised lending, yield products and a credit card. Fresh capital aims to secure licenses, scale its institutional desk and launch a regulated public fund.