Author: Shaofaye123, Foresight News
The stablecoin sector has always attracted attention, with Usual at one point rising from 0.25 U to 0.8 U before trading. The Trump family’s crypto project World Liberty chose to invest in ENA, Binance is betting on the stablecoin infrastructure Perena on the Solana chain, while stablecoins on the Base chain seem to remain lukewarm. This article takes you through ANZ, from breaking the issue price to a 4-fold increase; is it a new Alpha opportunity or just another trend project?
Starting from the wealth effect of FJO
In mid-November, the overall market warmed up, and on-chain liquidity gradually overflowed, with funds beginning to seek speculative targets. The overflow effect of the on-chain IPO platform Fjord is particularly obvious, especially in hot sectors like AI Agent, where the odds of project launches are extremely high, with the highest potential increase reaching 33 times. Projects often sell out within minutes, with reports of scientists buying up all available quotas. As the wealth effect of the platform's project launches overflows, the opening of staking and potential airdrop benefits has also caused its platform token FJO to rise from 0.5 U to 1 U.
As a long-term speculative hotspot, on December 2, the stablecoin project (USDz) on the Base chain launched by Fjord has drawn considerable attention, with the token selling out immediately upon launch. However, it suffered a price drop after launch, halving from 0.01 U to 0.005 U, is it another Rug project or an Alpha opportunity?
Background information on Anzen Finance
Anzen is the issuer of USDz, situated in the RWA sector, currently on 4 chains, and plans to expand to more chains by 2025. USDz is expected to launch on platforms such as Movement, Berachain, Plume, Mantra, Monad, and Initia. Users holding USDz can earn sustainable RWA returns, similar to projects like Usual, which also have treasury bond returns as their underlying asset. Users can stake USDz tokens to receive s USDz, providing DeFi users opportunities for sustainable returns and portfolio diversification, currently offering an annual interest rate of 14.8%.
Anzen's secured private credit investment portfolio
ANZ adopts a ve model, which will be used to manage and develop the Anzen protocol and ecosystem, including: liquidity incentives, ANZ holder functions, basic rewards, protocol fees, and voting pool incentives. The public sale of ANZ was launched on December 2 via the FJO Launchpad, at a fixed price of 0.006 U, with a total token supply of 10,000,000,000, where Launchpad accounts for 6.7%, community airdrops account for 5%, and ecological rewards account for 2.7%. Currently, its circulation is approximately 11.6%.
Comprehensive strength
According to The Block, Anzen Finance has currently raised $4 million in seed funding to support the development of its RWA-backed stablecoin. Companies such as Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, and Kraynos Capital participated in this round of financing.
The Anzen Finance team is from Taiwan and consists of a credit investment team with over ten years of experience in joint lending. Since 2018, the team has been researching mechanisms for putting credit assets on the blockchain. Their underwriting and custody partner is Percent, which has achieved a trading volume of 1.6 billion over the past seven years, with an annual percentage yield (APY) of 16% and a default rate of 2%.
The ANZ project team seems to have an abundance of cooperative resources, and it also maintains close relationships with major KOLs and NFT communities. Doodles, PudgyPenguins, and others have their presence, and the project team appears to be well-versed in operations. On December 16, they even changed their avatar to a fat penguin.
Additionally, as observed by the author, the ANZ project has had small amounts of funding continuously added to the pool since its launch, and there is smart money continually buying in, with its token ANZ price having risen 4 times from its bottom.
The total value locked (TVL) in the entire stablecoin sector has grown from 130 billion at the beginning of the year to 203 billion. With Trump's rise to power and the acceleration of the compliance process, there is still significant development potential in the stablecoin sector. Currently, stablecoins on the Base chain are still dominated by USDC (with a TVL of 3.3 billion), while the third-ranked stablecoin DOLA has experienced multiple instances of decoupling exceeding 2%. Since its launch, USDz has surpassed DOLA to become the second largest stablecoin on Base, but both its TVL (90 million) and the current market value of ANZ (20 million) remain at relatively low levels, indicating higher participation risks.
