Binance Labs Invests in Solana Ecosystem Stablecoin Protocol Perena

According to reports, Binance Labs, a leading blockchain incubator, announced its investment in Quine Co., the developer of Perena, the first stablecoin infrastructure protocol in the Solana ecosystem. This investment marks Binance Labs' ongoing support and recognition of financial innovation on the Solana blockchain.

Perena is committed to creating a more decentralized, efficient, and accessible financial system by integrating the innovative advantages of decentralized finance (DeFi) with traditional financial principles. The project aims to provide users with more stable and reliable digital financial services through its stablecoin infrastructure.

Anna, the founder of the Perena project, stated: “We are very honored to receive the investment and collaboration from Binance Labs. Their support is not only a recognition of our team's and project's value but also an important step forward in realizing our vision of building a robust on-chain financial system. We look forward to working with Binance Labs to drive the frontiers of the financial sector together.”

This investment will further solidify the position of the Solana blockchain in the stablecoin and DeFi fields and inject strong momentum into the future development of Perena. $BNB $SOL