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avalon labs secures 10 million to enhance bitcoin based stablecoin services

Avalon Labs has secured $10 million in a Series A funding round led by Framework Ventures to enhance its bitcoin-based stablecoin, USDa, which maintains a value pegged to the U.S. dollar. The platform currently serves over 200,000 users and manages more than 20,000 bitcoins, aiming to transform bitcoin into a more liquid financial instrument. In addition to USDa, Avalon offers bitcoin-backed loans, yield-generating savings accounts, and credit cards.
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United States Dollar PayPal Holdings Inc John Furrier
Finance & Economy, News Article
18:50 23.12.2024

ServiceTitan shares surge over 40 percent in successful market debut

ServiceTitan Inc. saw its shares surge 42% in its stock market debut, raising approximately $625 million through its IPO, which valued the company at $6.3 billion. The Glendale-based software maker, catering to trade businesses, sold 8.8 million shares at $71 each, exceeding its initial price target. With a revenue increase of 24% year-over-year, ServiceTitan aims to leverage IPO proceeds for strategic initiatives, including stock buybacks and further acquisitions.
SiliconANGLE
United States Dollar Rubrik, Inc. ServiceTitan, Inc. Class A Common Stock USA Michael S. Dell Gary Specter John Furrier Patrick P. Gelsinger Andy Jassy Show more
Finance & Economy, Market Report
21:10 12.12.2024
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