Perena completed approximately $3 million in Pre-Seed funding, led by Borderless Capital

ChainCatcher news, according to Coindesk, the stablecoin infrastructure protocol Perena has completed a Pre-Seed funding round of approximately $3 million, led by Borderless Capital. The protocol was founded by Anna Yuan, the former stablecoin head at the Solana Foundation.

Anna Yuan stated that Perena is building an exchange pool that allows traders of seven different stablecoins to swap between assets. Stablecoin holders will be able to earn additional yield by lending their assets into the pool.

In addition to the mining pool infrastructure, Perena also plans to establish a "synthetic currency," which Yuan claims will be more resilient than the fiat currency most people hold in traditional bank accounts. This will take the form of a "collateralized debt position" (CDP) stablecoin backed by other stablecoins. Perena has not finalized its design yet, but Anna Yuan hopes that building the CDP alongside stable exchanges will create more "synergies."

Previous news, Binance Labs announced an investment in the stablecoin infrastructure protocol Perena.