Author: Shaofaye123, Foresight News
The stablecoin sector has always attracted attention. Usual rose from 0.25 U to 0.8 U before market opening. The Trump family's crypto project, World Liberty, chose to invest in ENA, while Binance bets on Solana chain stablecoin infrastructure, Perena. Base chain stablecoins seem to be lukewarm. This article gives you a quick overview of ANZ, which has risen from a breakdown to a 4-fold increase. Is it a new Alpha opportunity or just a passing 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 new listing platform Fjord is particularly evident, especially in hot sectors like AI Agent, where the project release odds are extremely high, with a maximum increase of up to 33 times. Projects often sell out within minutes, and there have even been cases where scientists booked all available quotas. With the wealth effect overflow from the platform's released projects, the opening of staking and potential airdrop benefits have also led its platform token FJO to rise from 0.5 U to 1 U.
The stablecoin sector has been a long-term speculation hotspot. On December 2, Fjord launched the Base chain's (USDz) stablecoin project - Anzen, which attracted much attention. The token was sold out immediately upon launch. However, after its launch, it suffered a breakdown, halving from 0.01 U to 0.005 U. Is it another Rug project or an Alpha opportunity?
Anzen Finance background information
Anzen is the issuer of USDz, situated in the RWA sector, currently on four chains, and plans to expand to more chains by 2025. USDz plans to be launched 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 are also backed by government bond yields. Users can stake USDz tokens to earn sUSDz, allowing DeFi users to achieve sustainable returns and diversify their portfolios, with an annual interest rate currently offered at 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 launched on December 2 through FJO Launchpad, selling at a fixed price of 0.006 U, with a total token supply of 10,000,000,000 tokens. The Launchpad allocation is 6.7%, the community airdrop allocation is 5%, and the ecological rewards allocation is 2.7%. Currently, its circulating supply is about 11.6%.
Comprehensive strength
According to The Block, Anzen Finance has currently secured $4 million in seed funding to support the development of its RWA-backed stablecoin. 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, composed of a credit investment team with over ten years of joint lending experience. Since 2018, the team has been researching mechanisms for on-chain credit assets. Their underwriting and custody partner is Percent, which has had a trading volume of 1.6 billion over the past seven years, with an annual yield (APY) of 16% and a default rate of 2%.
The ANZ project team seems to have no shortage of cooperative resources and maintains close relationships with major KOLs and NFT communities. Doodles, PudgyPenguins, and others have been involved, and the project team seems to understand operational strategies well, having even changed their avatar to a fat penguin on December 16.
Additionally, from my observations, since the ANZ project launched, there has been continuous small-scale funding entering the pool, and smart money has been continuously buying, with its token ANZ price having risen 4 times from the 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 in power and the compliance process accelerating, the stablecoin sector still has great development potential. Currently, the USDC stablecoin continues to hold the leading position (with a TVL of $3.3 billion), while the third-ranked stablecoin DOLA has historically experienced multiple instances of decoupling by more than 2%. Since its release, USDz has surpassed DOLA to become the second-largest stablecoin on Base, but both its TVL ($9 million) and ANZ's current market value ($2 million) remain at relatively low levels, making participation risky.
