Perena : Stablecoin Infrastructure for Solana

Perena : Stablecoin Infrastructure for Solana

By Novasky | DevPress | 24 Nov 2024


Solana has a thriving ecosystem. And the way the solana tokens and the stablecoins work, they have their own internal architecture and only the tokens are deployed on the chain. Now  the Perena like stablecoin infra is being developed where the stablecoins can be swapped, spent and then manged across the major top currencies.

So here the USDC, PYUSD, TUSD are the target. And any other small solana based stabelcoins are developed they can make use of the liquidity of those existing coins too. So this forms an infrastructure that would help them build on the solana and also brings some value in the solana eco. 

In short not only the exposure for the existing tokens and the chains. But also the way things are working around it would form a decent infrastructure provision for the stablecoins which are already being developed as well. I feel such internal swaps, ability to create tokens on the top and also having the internal chain level stablecoin is a good infra. 

I am sure for the upcoming developers cross chain is going to be a challenge. And we are all going to be learning more along the way. I know there are some really serious users who are invested on Solana's chain growth, I am sure they also appreciate such stabelcoin infra. 

You can check out Perena

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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