Binance Labs announces investment in stablecoin infrastructure Perena
Binance Labs announced that it has invested in Quine Co., a core contributor to Perena, a leading stablecoin infrastructure protocol. Perena’s mission is to create a more decentralized, efficient, and accessible financial system by combining the best of DeFi innovation with traditional financial principles.Perena is built on Solana, leveraging advanced financial engineering to bridge traditional banking efficiencies with decentralized finance. By transforming stablecoin swaps into liquid synthetic dollars, Perena aims to defragment the stablecoin ecosystem and spread issuance risk. The platform enables users to mint stablecoins, earn yield on tokenized real-world assets (RWAs), and access custom risk-return profiles through a tiered collateralized debt position (CDP) system. This base layer of on-chain money will unlock capital efficiencies and drive the next generation of DeFi and PayFi applications.
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