From an initial drop to a fourfold increase, is ANZ an Alpha opportunity?
Written by: Shaofaye123, Foresight News
The stablecoin sector has been a focus of attention, with Usual's pre-market price rising from 0.25 U to 0.8 U at one point. The Trump family's crypto project World Liberty has chosen to invest in ENA, while Binance is betting on Solana chain stablecoin infrastructure Perena. However, the Base chain stablecoin seems to remain lukewarm. This article gives you a quick overview of ANZ, from its initial drop to a fourfold increase. Is it a new Alpha opportunity or just another trend project?
Starting from FJO's wealth effect
In mid-November, the market rebounded, and on-chain liquidity began to overflow as funds started searching for speculative targets. The overflow effect of the on-chain new issuance platform Fjord is particularly evident, especially in hot sectors like AI Agent, where project odds can reach as high as 33 times. Online projects are often sold out within minutes, and some scientists have even bought out all quotas. With the wealth effect from the platform's project launches spilling over, the open staking and potential airdrop benefits have also caused its platform token FJO to rise from 0.5 U to 1 U.
As a long-term speculative hotspot, the stablecoin sector has drawn attention, with the launch of the Base chain's (USDz) stablecoin project - Anzen - on December 2. The token was sold out immediately upon launch. However, after its launch, it experienced a severe drop, 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 and is in the RWA sector, currently on four chains, with plans to expand to more chains by 2025. USDz plans to launch on platforms such as Movement, Berachain, Plume, Mantra, Monad, and Initia. Users holding USDz can obtain sustainable RWA yields, similar to projects like Usual, with the underlying being treasury yields. Users can obtain sUSDz by staking USDz tokens, providing DeFi users with opportunities for sustainable returns and portfolio diversification, currently offering an annual interest rate of 14.8%.
Anzen's collateralized 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 will launch on December 2 through the FJO Launchpad at a fixed price of 0.006 U, with a total token supply of 10,000,000,000 tokens, of which 6.7% will be allocated to the Launchpad, 5% to community airdrops, and 2.7% to ecosystem rewards. Currently, its circulating supply is approximately 11.6%.
Comprehensive strength
According to The Block, Anzen Finance has currently secured $4 million in seed round financing 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 comes from Taiwan and is composed of a credit investment team with over ten years of joint lending experience. Since 2018, this team has been researching the mechanism of on-chain credit assets. Their underwriting and custodial partner is Percent, which has achieved a trading volume of 1.6 billion over the past seven years, an annual percentage yield (APY) of 16%, and a default rate of 2%.
The ANZ project team seems to have no shortage of collaborative resources, and it also has close relationships with various KOLs and NFT communities. Doodles, PudgyPenguins, and others have their presence, and the project team seems to be well-versed in operational strategies. On December 16, they even changed their profile picture to a chubby penguin.
Additionally, according to my observations, the ANZ project team has been continuously adding small amounts of funds to the pool since its launch, and smart money continues to buy in, with its price having risen fourfold from the bottom.
The total value locked (TVL) in the entire stablecoin sector has grown from 130 B at the beginning of the year to 203 B. With Trump coming to power and the compliance process accelerating, the stablecoin sector still has significant development potential. Currently, the USDC stablecoin remains the leader on the Base chain (with a TVL of 3.29B), 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 (90M) and ANZ's current market value (20 M) are still at relatively low levels, posing higher participation risks.
