Anna Yuan, the former stablecoin lead for the Solana Foundation, has left to start her own startup called Perena. Perena aims to create on-chain systems that provide good trading liquidity for stablecoins in the fast-growing crypto subsector. The company recently raised $3 million in pre-seed funding led by Borderless Capital. Perena plans to set up swap pools that allow traders to easily swap between different stablecoins, offering additional yield for stablecoin holders who lend their assets into the pool. The company also intends to build a "collateralized debt position" (CDP) stablecoin backed by other stablecoins as a form of synthetic money. The project is based on the belief that stablecoins will continue to gain prominence as a store of value and medium of exchange.



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