Binance Labs participates in the Pre-Seed round of Perena, a stablecoin platform on Solana

Binance Labs has just announced its participation in the Pre-Seed investment round for Perena, a stablecoin platform on the Solana blockchain. The Perena development team is said to be focused on creating an infrastructure protocol for stablecoins, aimed at promoting the adoption of stablecoins and building a more sustainable DeFi ecosystem on this platform.

Perena's Pre-Seed fundraising round not only includes participation from Binance Labs but is also led by Borderless Capital along with other investment funds such as Primitive Ventures and Maelstrom. With this investment, Perena intends to expand its workforce, develop the community, and build diverse stablecoin products on Solana.

Perena is described as the first monetary infrastructure protocol on Solana, allowing users to mint stablecoins and access profits from tokenized assets. Recently, this platform launched the AMM DEX Numéraire, enabling multi-token swaps without the need for centralized liquidity providers, helping to reduce capital costs when deploying new stablecoins.