Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11975
Markets: 92589
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11975
Cryptocurrencies
54.28%
Bitcoin Share
BTC Pulse 2024-12-11 17:35:57

Binance Labs Invests in Perena to Boost Solana Stablecoin Adoption

Binance Labs Invests in Perena to Boost Solana Stablecoin Adoption

Binance Labs Supports Perena for Solana Growth Binance Labs, the venture arm of Binance, has invested in Perena, a state-of-the-art stablecoin infrastructure protocol on the Solana blockchain. This move underlines the commitment of Binance Labs to furthering blockchain technology and the wider use of stablecoins. The funding represents a key milestone in expanding the capabilities and accessibility of stablecoins within Solana’s fast-growing ecosystem. Funding to Strengthen Stablecoin Adoption On December 11, Binance Labs announced it had participated in the pre-seed funding round of Quine Co., the core contributor to the Perena platform. The funding is meant to smoothen the adoption of stablecoins by solving some of the important pain points such as fragmentation in liquidity and decreasing risks during the issuance of stablecoins. With Solana already positioned as a hub for scalable and efficient blockchain applications, the integration of Perena further strengthens the ecosystem’s position in the DeFi space. Perena’s Vision: New Generation in Stablecoin Infrastructure Perena develops the efficient infrastructure of stablecoins that allows users to mint liquid synthetic dollars via stableswaps. Such a novelty approach has made access to stablecoins easy and yield generation on tokenized real-world assets, and thus it forms the cornerstone for on-chain financial ecosystems. The protocol recently introduced Numéraire, a feature designed to eliminate the need for active liquidity market makers. By reducing capital requirements for launching stablecoins, developers and projects face lower barriers to entry, paving the way for broader adoption and further innovation. These advancements further reinforce Perena’s mission of bringing traditional banking efficiency to the decentralized world while creating a seamless bridge to conventional finance through blockchain technology. Binance Labs’ Commitment to Web3 Innovation Max Coniglio, Investment Director at Binance Labs, expressed confidence in Perena’s potential: “We are excited to back Perena in their mission to onboard the next wave of stablecoin users on Solana. This aligns with our commitment to supporting early-stage projects driving Web3 innovation.” The funding will enable Perena to expand its team, grow its community, and further develop its stablecoin solutions on Solana, ensuring long-term success and adoption. Solana’s Role as a Stablecoin Powerhouse: Solana has already surpassed Ethereum in stablecoin transaction volume, signaling its preeminence in the blockchain space. Perena’s work complements this position, solving fundamental gaps in the infrastructure with efficient solutions to support the growth of DeFi. Backed by Binance Labs, Solana and Perena stand ready to lead the next generation in stablecoin innovation.

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
54.28%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.