Author: Joysong_J; Source: ABCDE Capital

TLDR

The stablecoin market is growing at an alarming rate, but It also faces the problems of centralization and dispersed liquidity;

Perena is systematically building key infrastructure for stablecoins to help stablecoins evolve from innovation in encryption technology Toward mainstream financial applications;

The Perena team has been working on stablecoins for many years and has first-class product capabilities and rich corporate resources;

Perena is committed to creating a more usable, liquid and Profitable stablecoin infrastructure will promote the large-scale popularization of stablecoin applications in the future.

Stablecoin market

2024 can be said to be the year of the explosion of stablecoins. According to data from DefiLlama, the total market value of stablecoins has exceeded US$200 billion, with USDT hitting a record high of US$139 billion, and the market value of USDC issued by Circle also reaching US$41 billion. The market's continued growth is no accident. We believe that there are two main driving forces behind this:

Institutional application scenarios of stablecoins, such as large-scale remittances and payments;

< p style="text-align: left;">As a financial instrument that can generate income, stablecoins show unique value potential.

This trend makes us more convinced that stablecoins will play an increasingly important role in the future and also place higher requirements on infrastructure.

Source: DefiLlama

Stablecoin War: New Digital Currencies are Rising

In fact, the prosperity of the stablecoin market has been brewing for many years. From BUSD (Binance USD), PYUSD (PayPal USD) to the recently launched RLUSD (a yield-based stablecoin launched by Liquidity), more and more institutions are beginning to issue their own stablecoins. As mentioned above, stablecoin is not just a simple payment currency, it is becoming a “digital currency”."The new currency of the word world" has injected unprecedented liquidity into the crypto market.

But as more and more institutions issue different types of stablecoins, we We have seen an obvious liquidity fragmentation. At present, we urgently need a strong infrastructure to support its exchange and provide liquidity.

"The current stablecoin market is the largest. The problem is – we have many stablecoins, but we don’t have a unified infrastructure to collaborate efficiently. Perena is filling in the missing link. ” said Anna, co-founder of Perena.

Perena has built a powerful stablecoin platform to manage the liquidity of stablecoins, control risks and integrate new programmable currencies .

Numéraire: Perena’s debut product

In addition to the huge potential of the market, an important reason for us to invest in Perena is the strong execution of the team. The first product was launched - Numéraire is a multi-asset stablecoin Swap protocol. The core function of the platform is a multi-stablecoin liquidity pool, by integrating multiple stablecoins into one interchangeable and liquid token (such as USD*). ), further improving the capital efficiency and liquidity of the stablecoin market. USD* is essentially the LP token of a stable pool (it can also be used as a stablecoin itself). The stable pool consists of a basket of stablecoins and an AMM pool. Includes Tether, Circle and PayPal USD and other stablecoins. Users can experience smooth stablecoin exchange on Numéraire, or become liquidity providers (LPs) to earn rewards; for stablecoin issuers, a basket of stablecoin pools further solves the market’s stablecoin liquidity. This comprehensive and innovative design solves the current systemic problems of stablecoins and prepares for the decentralization of trillions in the future. Lay the foundation for a globalized financial system

Source: Perena Website

Team Introduction

The success of a product is inseparable from an excellent team. We believe that a good entrepreneur needs to have ambition, clear goals, and fast execution. There is no doubt that Anna is developing stable currency products.Best candidate. As co-founder of Perena, Anna served as Solana’s stablecoin lead, helping to double stablecoin issuance on Solana to $3.6 billion while driving the native issuance of multiple non-USD stablecoins. Her industry experience and keen insights have earned her the endorsement of several heavyweight backers, including Solana co-founders Anatoly Yakovenko and Raj Gokal. We believe that under her leadership, the Perena team will be able to promote continued innovation in stablecoin infrastructure and lead the future development of the industry.

Written at the end

After Trump takes office, the regulatory environment in the United States will become clearer, and traditional financial giants (such as Goldman Sachs) will also enter the game. The stablecoin market may double to $400 billion by 2025.

This not only proves the huge potential of the market, but also makes us more confident in the future of Perena.

We firmly believe that 2025 will be the year when stablecoins will shine, and it will also be a new year for Perena to set sail and lead the trend.