{
Alex Odagiu

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Avalon Labs secures 10 million dollars in Series A funding round
Avalon Labs has successfully raised $10 million in a Series A funding round, co-led by Binance Labs and Kraken Ventures, boosting the USUAL token price by over 20%. The investment aims to enhance Usual's innovative approach to the stablecoin market, emphasizing community ownership and governance. The protocol's decentralized stablecoin, USD0, is backed by real-world assets, providing security and liquidity while promoting transparency in decentralized finance.
CoinJournal
United States Dollar Kraken Energy Corp. Alex Odagiu
Crypto, Press Release
04:59 24.12.2024
Binance Labs invests in Usual protocol boosting token value by 15 percent
USUAL token surged 15% to $1.21 following Binance Labs' investment, boosting its market cap to over $570 million. The Usual protocol, which aims to create decentralized stablecoins backed by real-world assets, secured $10 million in Series A funding co-led by Binance Labs and Kraken Ventures. This investment supports Usual's mission to innovate the stablecoin market and enhance decentralized finance solutions.
Crypto Briefing
BlackRock, Inc. Kraken Energy Corp. Alex Odagiu
Crypto, Market Report
20:22 23.12.2024
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