ChainCatcher news, Binance Labs announced an investment in Perena's core development team Quine Co., supporting the establishment of stablecoin infrastructure protocols 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 does not require actively managed concentrated liquidity market makers (CLMM), significantly reducing the capital requirements for new stablecoin issuance.
