PANews reported on December 11 that Binance Labs announced an investment in Perena's core development team Quine Co., supporting its establishment of the first stablecoin infrastructure protocol on Solana. Perena aims to build a more decentralized, efficient, and accessible financial system by combining DeFi innovations with traditional financial principles.
Perena addresses the fragmentation of the stablecoin ecosystem through its product Numéraire (a multi-token scalable stableswap that does not require CLMM management) and lowers the capital requirements for new stablecoin issuance. Users can mint stablecoins, gain tokenized real-world asset returns, and utilize a layered collateral debt position system to achieve customized risk-return configurations through the protocol. The investment from Binance Labs will support the Perena team in scaling up, developing a global community, and building a comprehensive suite of stablecoin products on Solana.
