CoinVoice has recently learned that Binance Labs announced an investment in Perena's core development team Quine Co., supporting the establishment of a stablecoin infrastructure protocol on Solana. The investment from Binance Labs will help the Perena team scale, develop a global community, and build a comprehensive suite of stablecoin products on Solana.
Perena aims to create a more decentralized, efficient, and accessible financial system by combining DeFi innovations with traditional financial principles.
Perena recently launched Numéraire, a weighted multi-token scalable stablecoin exchange protocol (stableswap) that requires no active management of centralized liquidity market makers (CLMM), significantly reducing the capital requirements for the issuance of new stablecoins. [Original link]
