CandleFocus

Solana is excited about new stablecoin infrastructure provider Perena

Author: Content Editor
Perena, a stablecoin infrastructure protocol, is gaining buzz within the Solana ecosystem. The platform aims to address the issue of liquidity fragmentation in stablecoins, offering a Solana-based stablecoin liquidity pool and planning to introduce an asset-backed stablecoin in the future. Perena was founded by Anna Yuan, who previously worked on the stablecoin arm of the Solana Foundation. Yuan believes that most stablecoins are not liquid enough to be truly useful and argues that real-world needs, such as money transfers in emerging markets, will drive the growth of stablecoins. Perena is currently in closed beta and has received seed funding from undisclosed investors, including Solana co-founders Anatoly Yakovenko and Raj Gokal. The platform's main feature will be a multi-stablecoin liquidity pool, facilitating the issuance of stablecoins by accessing liquidity from a well-capitalized seed pool. Yuan also suggests that Solana PayFi, where people receive their paychecks in stablecoins, could contribute to the growth of Solana's stablecoin market capitalization.

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