According to PANews on December 11, Binance Labs announced an investment in Perena's core development team, Quine Co., to support its establishment of the first stablecoin infrastructure protocol on Solana. Perena aims to build a more decentralized, efficient, and accessible financial system by combining DeFi innovations with traditional financial principles.
Perena solves the problem of stablecoin ecosystem fragmentation through its product Numéraire (a multi-token scalable Stableswap without CLMM management) and reduces the capital requirements for new stablecoin issuance. Users can mint stablecoins through this protocol, obtain tokenized returns from real-world assets, and achieve customized risk-return configurations using a layered collateral debt position system. Binance Labs' investment will support the Perena team in scaling up, developing a global community, and building a comprehensive suite of stablecoin products on Solana.
