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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-labs-invests-in-solanas-stablecoin-infrastructure/" data-wpel-link="internal">Binance Labs Invests in Solana’s Stablecoin Infrastructure</a> 
<a href="https://en.coin-turk.com/binance-launches-four-new-trading-pairs-with-turkish-lira-detail/" data-wpel-link="internal">Binance</a> continues its series of announcements through its investment arm, fueled by the increasing activity in <a href="https://en.coin-turk.com/binance-celebrates-usdcs-mica-compliance-with-zero-fee-campaign/" data-wpel-link="internal">cryptocurrency</a> markets. With the resurgence of crypto trading, exchanges and their investment companies find themselves busier than ever. The latest announcement focuses on a project within the Solana network. 
<h2 style="text-align: justify" id="the-project-binance-invested-in">The Project Binance Invested In</h2> 
Binance Labs has made an investment in Perena, the first stablecoin infrastructure protocol on Solana. The investment is targeted towards Quine Co, the company behind the protocol, with a focus on Real World Assets (RWA). Through this protocol, users can mint stablecoins or tokenize assets on the Solana network, which has seen a surge of initiatives bridging traditional banking and decentralized finance. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-413889 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/perena-binance.jpg" alt="" width="1600" height="640"> 
However, in a network like Solana, known for its speed and low fees, this development appears particularly intriguing. Perena recently launched Numeraire, a significant advancement as the first weighted multi-token stableswap that does not require the management of concentrated liquidity market makers (CLMM), optimizing capital requirements for new stablecoin launches significantly. 
Max Coniglio from Binance Labs stated: 
<blockquote> 
 “Binance Labs continues to support early-stage projects that drive the growth of the <a href="https://en.coin-turk.com/hong-kong-moves-to-strengthen-position-in-web3-and-crypto-amid-us-pressure/" data-wpel-link="internal">Web3</a> ecosystem. We are excited to support Perena in their early stages and assist them in their mission to engage the next wave of stablecoin users on Solana.” 
</blockquote> 
The post <a href="https://en.coin-turk.com/binance-labs-invests-in-solanas-stablecoin-infrastructure/" data-wpel-link="internal">Binance Labs Invests in Solana’s Stablecoin Infrastructure</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Binance Labs Invests in Solana’s Stablecoin Infrastructure

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