Written by: Shaofaye123, Foresight News
The stablecoin sector has always attracted attention. Usual once surged 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 the Solana chain's stablecoin infrastructure Perena. Meanwhile, the Base chain's stablecoin seems to be lukewarm. This article gives you a quick overview of ANZ, from its initial decline to a 4-fold increase. Is it a new Alpha opportunity or just another passing project?
Starting from FJO's wealth effect
In mid-November, the market warmed up, and on-chain liquidity gradually overflowed, with funds beginning to seek speculative targets. The overflow effect of the on-chain new issuance platform Fjord is particularly evident, especially in hot sectors like AI Agents, where project odds are extremely high, with potential increases of up to 33 times. Projects launched on the platform are often sold out within minutes, with some scientists even booking all quotas. With the wealth effect from platform launches spilling over, the opening of staking and potential airdrop benefits have also boosted its platform token FJO from 0.5 U to 1 U.
As a long-term speculative hotspot, the stablecoin sector is attracting attention with the launch of Anzen's USDz stablecoin project on the Base chain by Fjord on December 2nd. The token was sold out immediately upon launch. However, it faced a drastic drop post-launch, plummeting from 0.01 U to 0.005 U. Is it yet another rug project or an Alpha opportunity?
Background information on Anzen Finance
Anzen is the issuer of USDz, positioned in the RWA sector, currently operating on 4 chains and planning 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 receive sustainable RWA yields, similar to projects like Usual, which are also based on government bond yields. Users can earn sUSDz by staking USDz tokens, allowing DeFi users to achieve sustainable returns and diversify their portfolios, currently offering an annual interest rate of 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 will launch on December 2nd through the FJO Launchpad at a fixed price of 0.006 U, with a total token supply of 10,000,000,000 tokens, where the Launchpad accounts for 6.7%, community airdrop for 5%, and ecosystem rewards for 2.7%. Currently, its circulation is approximately 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. Companies such as Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, and Kraynos Capital participated in this funding round.
The Anzen Finance team is from Taiwan and consists of a credit investment team with over ten years of joint lending experience. Since 2018, the team has been researching mechanisms to bring credit assets on-chain. Their underwriting and custody partner is Percent, which has achieved 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 collaborative resources and maintains close relationships with major KOLs and NFT communities. Doodles, PudgyPenguins, and others have been seen collaborating with them, indicating that the project team is well-versed in operational strategies. On December 16th, they even changed their avatar to a fat penguin.
Additionally, based on the author's observations, the ANZ project has consistently seen small amounts of funds being added to the pool since its launch, and there has been smart money continuously buying in, with the price of its token ANZ having risen 4 times from its bottom.
The total value locked (TVL) in the stablecoin sector has grown from $130 billion at the beginning of the year to $203 billion. With Trump taking office and the compliance process accelerating, there is still significant development potential in the stablecoin sector. Currently, USDC remains the leader on the Base chain (with a TVL of $3.3 billion), while the third-ranking stablecoin DOLA has historically experienced multiple depegging events exceeding 2%. Since its launch, 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) are still at relatively low levels, posing high participation risks.
