# CeDeFi CDP USDa

<figure><img src="/files/nAaKKSFQgX9Q9c9p8YKZ" alt=""><figcaption></figcaption></figure>

## Introduction to Avalon's collateralized debt position (CDP)

**USDa** is the world’s first and largest Bitcoin-backed CDP and the flagship product of Avalon’s innovative CeDeFi lending platform. It is designed to provide the ultimate stablecoin solution for Bitcoin holders and DeFi users. Offering unparalleled capital efficiency, stability, and deep liquidity sourced from the BTC ecosystem, **USDa** aims to be the go-to stablecoin for users seeking reliability and scalability in their DeFi activities.


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