Written by: Shaofaye123, Foresight News
The stablecoin sector has always attracted attention. Usual briefly rose from 0.25 U to 0.8 U before the market opened. The Trump family’s crypto project World Liberty chose to invest in ENA, while Binance bets on the stablecoin infrastructure of the Solana chain Perena. The stablecoin on the Base chain seems to have been lukewarm for a while. This article gives you a quick overview of ANZ, from its initial drop to a 4-fold increase. Is it a new Alpha opportunity or just another fleeting project?
Starting from the wealth effect of FJO
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 such as AI Agent, where the odds for issued projects are extremely high, with maximum increases of up to 33 times. Launched projects are often sold out within minutes, and there are even scientists who reserve all quotas. With the overflow of the wealth effect of platform-issued projects, open staking and potential airdrop benefits have also caused its platform token FJO to rise from 0.5 U to 1 U.
As a long-term hot topic for speculation, on December 2, the stablecoin project (USDz) on the Base chain launched by Fjord drew significant attention, with tokens being sold out immediately upon launch. However, after its launch, it suffered a severe drop, halving from 0.01 U to 0.005 U. Is it just another Rug project or an Alpha opportunity?
Background information on Anzen Finance
Anzen is the issuer of USDz, positioned in the RWA sector, currently located on 4 chains, and plans to expand to more chains by 2025. USDz is set to launch on platforms such as Movement, Berachain, Plume, Mantra, Monad, and Initia. Users holding USDz can earn sustainable RWA returns, similar to projects like Usual, whose underlying assets are also treasury yields. Users can obtain sUSDz by staking USDz tokens, and DeFi users have the opportunity to achieve sustainable returns and diversify their portfolios, currently offering an annual interest rate of 14.8%.
Anzen’s collateralized private credit investment portfolio
ANZ adopts the ve model, which will be used to manage and develop the Anzen protocol and ecosystem, including: liquidity incentives, ANZ holder functionalities, basic rewards, protocol fees, and voting pool incentives. The public sale of ANZ will launch on December 2 via 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 round financing 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 round of financing.
The Anzen Finance team comes from Taiwan and is composed of a credit investment team with over ten years of joint lending experience. Since 2018, this team has been researching mechanisms to put credit assets on-chain. Their underwriting and custody partner is Percent, which has seen a transaction volume of 1.6 billion over the past seven years, an annual percentage yield (APY) of 16%, and a default rate of 2%.
The ANZ project side seems to never lack cooperative resources, and it also has close relationships with major KOLs and NFT communities. Doodles, PudgyPenguins, and others have all been involved, indicating that the project side seems to understand the operational path well. On December 16, it even changed its avatar to a fat penguin.
Additionally, according to the author’s observations, the ANZ project has been continuously adding small amounts of funds to the pool since its launch, and there is smart money continuously buying in, with the price of its token ANZ having increased 4 times from the bottom.
The total value locked (TVL) in the entire stablecoin sector has grown from 130 billion at the beginning of the year to 203 billion, with the rise of Trump and the acceleration of the compliance process, there is still great development potential in the stablecoin sector. Currently, the stablecoin on the Base chain is still led by USDC (TVL reaching 3.3 billion), while the third-ranked stablecoin DOLA has historically experienced multiple decouplings of more than 2%. Since its launch, USDz has surpassed DOLA to become the second-largest stablecoin on Base, but both its TVL (90 million) and ANZ's current market value (20 million) remain at relatively low levels, with high participation risks.
