Binance Labs Announces Investment in Stablecoin Infrastructure Perena
Binance Labs announced that it has invested in Quine Co., a core contributor to the leading stablecoin infrastructure protocol Perena. Perena's mission is to create a more decentralized, efficient, and accessible financial system by combining the essence of DeFi innovation with traditional financial principles.Perena is built on Solana, leveraging advanced financial engineering to link the efficiency of traditional banking with decentralized finance. By transforming stablecoin swaps into liquid synthetic dollars, Perena aims to eliminate fragmentation in the stablecoin ecosystem and distribute issuance risk. The platform enables users to mint stablecoins, gain tokenized real-world asset (RWA) yields, and access custom risk-return profiles through a tiered collateralized debt position (CDP) system. This foundational layer of on-chain currency will unlock capital efficiency and drive the development of the next generation of DeFi and PayFi applications.
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