YZi Labs, backed by Changpeng Zhao (CZ), did not disclose the size of its investment into Avalon Labs, the developer of Bitcoin-based financial infrastructure including lending, savings, and a BTC-backed stablecoin

Event date

May 26, 2025

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In a bold bet on Bitcoin’s DeFi future, Changpeng Zhao (CZ)-backed YZi Labs—formerly Binance Labs—has made an undisclosed investment in Avalon Labs, a fast-rising platform building on-chain capital markets powered by BTC. In an X post on May 26, the firm said the project is building financial infrastructure around BTC-collateralized lending, stablecoin USDa, savings products, and credit services, showing there is interest in Bitcoin-powered DeFi.

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Week 22 of 2025