Binance Labs supports Perena in promoting the adoption of stablecoins on Solana, thereby creating a more efficient and sustainable DeFi ecosystem.
The Binance Labs incubator fund has announced its investment in Quine Co., the development team behind Perena, a stablecoin infrastructure protocol on the Solana network, through the project’s Pre-Seed funding round.
In addition to Binance Labs, the Pre-Seed funding round of Perena is led by Borderless Capital, with participation from other investment funds including Primitive Ventures, Maelstrom (the investment fund of BitMEX founder Arthur Hayes), ABCDE (a crypto venture capital firm co-founded by Huobi co-founder Du Jun), BREED, SevenX Ventures, Graph Ventures, Pivot Global, MitonC, Anagram, and Temporal.
With the new funding received in the Pre-Seed round, Perena will use it to expand its team, develop a global community through partnerships with developers and educators, and build a comprehensive stablecoin product suite on Solana.
In the announcement, Binance Labs stated that Perena is the first monetary infrastructure protocol on Solana, combining traditional finance with DeFi to make stablecoins more useful, highly liquid, and more beneficial.
The platform focuses on eliminating fragmentation within the stablecoin ecosystem and reducing issuance risks. Users can mint stablecoins, access returns from tokenized real-world assets (RWA), and customize risk-return profiles through the Collateralized Debt Position (CDP) system. This serves as the foundational layer for on-chain capital flows, driving next-generation DeFi and PayFi applications.
Recently, Perena launched Numéraire—a multi-token AMM DEX stableswap that doesn’t require management by centralized liquidity providers (Concentrated Liquidity Market Makers – CLMM), significantly reducing capital costs when deploying new stablecoins.
