• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Labs Supports Perena: Enhancing DeFi Growth with Stablecoins

user avatar

by Giorgi Kostiuk

3 months ago


Binance Labs, the venture capital arm of the Binance exchange, has invested in Perena—a stablecoin infrastructure protocol developed by Quine Co.

What is Perena?

Perena is a stablecoin infrastructure protocol designed to tackle the main challenges of the stablecoin market, valued at over $170 billion. Traditional stablecoins often suffer from fragmented liquidity pools and inefficient capital usage. Perena aims to address these by creating a more efficient, decentralized, and accessible stablecoin ecosystem.

Key Features of Perena

Perena's flagship product, Numéraire, is an automated market maker (AMM) that streamlines the creation, swapping, and liquidity provision of stablecoins. Numéraire removes the need for active concentrated liquidity market makers, reducing the capital requirements for new stablecoin launches and enhancing liquidity and efficiency for existing ones. Numéraire also offers exposure to tokenized real-world assets and provides flexible user options through its system.

Perena's Future Post-Investment

The recent investment will enable Perena to expand its team, increase community engagement, and develop a comprehensive stablecoin product suite on Solana. This funding will also aid in driving mass adoption of stablecoins and improving capital efficiency in the DeFi ecosystem.

Binance Labs remains committed to providing evergreen support for early-stage projects that are driving the growth of the Web3 ecosystem.Max Coniglio

Binance Labs' investment highlights Perena's potential to drive growth in the stablecoin sector and contribute significantly to the advancement of blockchain-based financial technologies on Solana.

0

Share

Other news

Ted Cruz Proposes Bill for Using Flared Gas in Bitcoin Mining

Ted Cruz's bill aims to use flared gas in bitcoin mining for reducing emissions and enhancing efficiency.

user avatarGiorgi Kostiuk

a few seconds ago

Ethereum Leads DEX Volume Again, Surpassing Solana and BNB Chain

Ethereum hits $16.43 billion in DEX trading volume, surpassing Solana and BNB Chain.

user avatarGiorgi Kostiuk

a few seconds ago

Cryptocurrency Market Shows Mixed Trends on April 2, 2025

Major cryptocurrencies showed gains and losses on April 2, 2025.

user avatarGiorgi Kostiuk

a minute ago

Top Crypto ICOs of 2023: Experts' Picks

Experts picked five promising crypto ICOs that might become successful investments by 2025.

user avatarGiorgi Kostiuk

a minute ago

Bitcoin Liquidations: What's Happening in the Market?

Bitcoin liquidations hit new highs amid market volatility, potentially paving the way for sustainable recovery.

user avatarGiorgi Kostiuk

2 minutes ago

SEC and Gemini Seek a Pause in Legal Proceedings over Earn Program

SEC and Gemini request a 60-day pause in legal proceedings to explore a solution for the Earn program case outside of court.

user avatarGiorgi Kostiuk

2 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.