CoinVoice has recently learned that Binance Labs announced an investment in Perena's core development team Quine Co., supporting their establishment of stablecoin infrastructure protocols on Solana. The investment from Binance Labs will support the Perena team in scaling, developing a global community, and building a comprehensive suite of stablecoin products on Solana.
Perena aims to build a more decentralized, efficient, and accessible financial system by combining DeFi innovation 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 issuing new stablecoins. [Original link]