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Binance Labs invests in Perena to boost Solana stablecoin adoption

Author: Content Editor
Binance Labs, the venture capital arm of Binance, has invested in Perena, a stablecoin infrastructure protocol on Solana. The investment aims to accelerate the adoption of stablecoins on Solana, which has already seen growth in its stablecoin volume surpassing that of Ethereum. Perena aims to enhance stablecoin adoption by bringing traditional banking efficiency to the blockchain ecosystem. With Perena, users can mint stablecoins and earn yield on tokenized real-world assets. Binance Labs' investment will support Perena in expanding its team, growing its community, and building its stablecoin solution on Solana. Perena recently unveiled Numéraire, a feature that eliminates the need for an active concentrated liquidity market maker and reduces capital requirements for projects launching new stablecoins.

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