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binance labs invests in perena to enhance stablecoin infrastructure on solana

Binance Labs has invested in Perena, the first stablecoin infrastructure protocol on Solana, to enhance DeFi and bridge traditional finance with decentralized systems. This funding aims to expand Perena's team and capabilities, promoting innovative tools like collateralized debt positions (CDPs) for stablecoin creation and capital efficiency. With this partnership, Perena is set to advance on-chain finance and attract a new wave of stablecoin users.
Crypto News Flash
Trust Wallet Token AUD SGP Max Coniglio Anna
Finance & Economy, Press Release
08:00 12.12.2024

Binance Labs invests in Perena to enhance stablecoin adoption on Solana

Binance Labs has invested in Perena, a stablecoin infrastructure protocol on Solana, to enhance stablecoin adoption within the ecosystem. This funding will support Perena's mission to provide traditional banking efficiency on the blockchain, allowing users to mint stablecoins and earn yield on tokenized real-world assets. Additionally, Travala has launched a Treasury Reserve Plan to hold reserves in Bitcoin and its native AVA token, aiming to strengthen its financial foundation and expand its blockchain-powered travel solutions.
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PayPal Holdings, Inc. Max Coniglio Show more
Finance & Economy, Press Release
16:16 11.12.2024
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