Source: ABCDE

TLDR

The stablecoin market is growing at an astonishing rate, but it also faces challenges of centralization and liquidity fragmentation; Perena is systematically building critical infrastructure for stablecoins, helping them transition from crypto technology innovation to mainstream financial applications; the Perena team has deep expertise in stablecoins and possesses top-notch product capabilities and rich corporate resources; Perena is committed to building a stablecoin infrastructure that is more usable, liquid, and profitable, promoting the large-scale adoption of stablecoin applications in the future.

Stablecoin Market

The year 2024 can be said to be the year of explosion for stablecoins. According to data from DefiLlama, the total market value of stablecoins has surpassed $200 billion, with USDT reaching an all-time high of $139 billion, while the market value of USDC issued by Circle has also reached $41 billion. The continuous growth of the market is not accidental. We believe there are two main driving forces behind this:

1. Institutional application scenarios for stablecoins, such as large-scale remittances and payments;

2. As a financial tool that can generate yields, stablecoins demonstrate unique value potential.

This trend makes us more convinced that stablecoins will play an increasingly important role in the future and raises higher demands for infrastructure.

Source: DefiLlama

The Battle of Stablecoins: New Digital Currencies are Rising

In fact, the prosperity of the stablecoin market has been brewing for many years. From BUSD (Binance USD), PYUSD (PayPal USD) to the recently launched RLUSD (Liquidity's yield-bearing stablecoin), more and more institutions are starting to issue their own stablecoins. As mentioned, stablecoins are not just simple payment currencies; they are becoming 'the new currency of the digital world,' injecting unprecedented liquidity into the crypto market.

However, as more institutions issue different types of stablecoins, we have seen a clear liquidity fragmentation. We urgently need strong infrastructure to support their exchange and provide liquidity.

The biggest challenge in the current stablecoin market is that we have numerous stablecoins, but no unified infrastructure for efficient collaboration. Perena is filling this gap," said Anna, co-founder of Perena.

Perena has built a powerful stablecoin platform to manage the liquidity of stablecoins, control risks, and integrate new programmable currencies.

Numéraire: Perena's debut product

In addition to the enormous market potential, a key reason we invested in Perena is the team's strong execution ability. In just a few months, Perena launched its first product - Numéraire, a multi-asset stablecoin swap protocol. The core function of the platform is the multi-stablecoin liquidity pool, which integrates various stablecoins into a single interchangeable and liquid token (e.g., USD*), further enhancing capital efficiency and liquidity in the stablecoin market. USD* is essentially an LP token of a stable pool (which can also be used as a stablecoin), composed of a basket of stablecoins, with AMM pools containing stablecoins like Tether, Circle, and PayPal USD. Users can experience smooth stablecoin exchanges on Numéraire, or become liquidity providers (LPs) to earn returns; for stablecoin issuers, a basket of stablecoin pools further addresses the issue of fragmented stablecoin liquidity in the market while reducing issuance risks.

This comprehensive and innovative design addresses the systemic issues of stablecoins and lays the foundation for the future trillion-dollar decentralized financial system.

Source: Perena Website

Product link: https://perena.org/

Team Introduction

Behind the success of the product is an excellent team. We believe that a great entrepreneur needs to possess ambition, clear goals, and rapid execution abilities. Anna, without a doubt, is the best candidate for developing stablecoin products. As the co-founder of Perena, Anna previously served as the stablecoin lead at Solana, helping the issuance of stablecoins on Solana double to $3.6 billion, while also promoting the native issuance of multiple non-USD stablecoins. Her industry experience and keen insights have earned her recognition from heavyweight supporters such as Solana co-founders Anatoly Yakovenko and Raj Gokal. We believe that under her leadership, the Perena team will be able to drive continuous innovation in stablecoin infrastructure and lead the future development of the industry.

In conclusion...

After Trump took office, the regulatory environment in the United States will become clearer, and traditional financial giants (such as Goldman Sachs) will also enter the market. The stablecoin market could potentially double to $400 billion by 2025.

This not only proves the enormous market potential but also makes us more confident in the future of Perena.

We firmly believe that 2025 will be a year for stablecoins to shine, and also a new year for Perena to set sail and lead the trend.

About Perena

Perena aims to systematically build the key infrastructure for stablecoin development, assisting stablecoins in transitioning from crypto innovation to mainstream finance. The team's mission is to make stablecoins more usable and liquid, creating more benefits for large-scale adoption!

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