Perena Stablecoin Protocol recently completed a $3 million Pre-Seed round of funding, led by Borderless Capital. Founded by Anna Yuan, the former stablecoin head of the Solana Foundation, Perena is dedicated to creating an exchange pool that supports the trading of seven different stablecoins. This innovation will provide stablecoin holders with the opportunity to earn additional returns by lending their assets.

In addition, Perena plans to launch a 'synthetic currency', which will achieve greater flexibility in the form of stablecoins through 'Collateralized Debt Positions' (CDP). Anna Yuan hopes to achieve more synergies by building CDPs alongside stable exchanges. Binance Labs has also announced its investment in Perena. 🚀