Perena Secures Funding to Advance Stablecoin Infra

July 4, 2025 – Perena, a pioneering force in stablecoin infrastructure, today announced significant strategic investments aimed at accelerating the development and adoption of USD*, its programmable, utility-driven stable token. This latest funding round saw participation from leading firms including Susquehanna, Native Crypto, and Hermeneutic Investments, building on the momentum of its previously announced pre-seed raise led by Borderless Capital in December 2024.

The stablecoin landscape, while growing rapidly, faces challenges such as fragmentation and limited native utility beyond simple value transfer. Perena is directly addressing these issues by creating a unified liquidity layer and a stable token, USD*, designed for seamless integration into the decentralized finance (DeFi) ecosystem and native value accrual.

"Our vision at Perena is to build the foundational infrastructure for the next era of money, empowering seamless, reliable, and transparent financial interactions across Web3," said a spokesperson for Perena. "The continued support from distinguished investors like Susquehanna, Native Crypto, and Hermeneutic Investments, alongside our pre-seed lead Borderless Capital, validates our approach to solving stablecoin fragmentation and driving real-world utility. We are immensely grateful for their belief in our mission and the vibrant community that builds alongside us."

Introducing USD: The Programmable, Utility-Driven Stable Token*

USD* is engineered to be more than just a stable asset; it's a dynamic token that captures value from protocol activity, offering holders enhanced benefits through native integrations and network participation. Key features of USD* include:

Utility-Driven Accrual: USD* is designed to capture value directly from protocol activity, allowing holders to benefit from its native integrations and active network participation.

Composability & Integration: Natively accepted in liquidity pools, vaults, and various DeFi strategies, USD* offers enhanced benefits when utilized across integrated platforms.

Community-Driven Value Loop: The more protocols that integrate and use USD*, the more rewards the network can distribute, fostering a virtuous cycle of growth and participation.

Robust Backing: USD* is backed by a diversified basket of battle-tested stablecoins and Real-World Assets (RWA), ensuring stability, liquidity, and usability.

Perena's innovative approach focuses on creating a Unified Liquidity Layer, aggregating stablecoin liquidity across various protocols to provide a single, deep access point for stable markets. This strategy is crucial for Driving Adoption and Real-World Use Cases for stablecoins, moving them beyond mere trading instruments to power value storage, yield generation, and liquidity across a broad spectrum of DeFi and enterprise applications.

The platform already demonstrates seamless integration capabilities, as evidenced by its AMM optimized for stablecoins, which promises better rates and deeper liquidity powered by aggregated stablecoin value.

Perena is also backed by a formidable network of advisors and supporters from leading Web3 organizations, including Raj Gokal (Solana Labs), Anatoly Yakovenko (Solana Labs), Leptokurtic_ (Ethena Labs), Mcarrica (Mountain Protocol), Robinson Burkey (Wormhole Foundation), Buffalu__ (Jito Labs), SimkinStepan (Squads), Jarxiao (Ellipsis Labs), GuillaumeNervo (Angle Labs), Jonbma (Artemis), Adamlawrencium (RWA.xyz), VictorJi15 (Manta), HypoNyms (Temporal), 0xShitTrader (Ellipsis Labs), Baalazamon (Cube), 0xlwu (Cube), Rickdanielm (Decaf), Anthonyyim (Artemis), CharlieYouAI (RWA.xyz), Wisdant (Huma Finance), Cavemanloverboy (Temporal), Sol_stijn (Helio), Repetny (Marinade), and 0xdirichlet (Sphere). This extensive network underscores the broad industry support for Perena's vision.

The new capital will be deployed to further enhance Perena's product suite, expand its integration capabilities, and scale its operations to meet the growing demand for sophisticated stablecoin infrastructure. Perena invites developers, protocols, and users to join its global community on Discord and Telegram to contribute to the future of decentralized finance.

About Perena

Perena is building the foundational infrastructure for the next era of money, focused on creating a programmable, utility-driven stable token, USD*, and a unified liquidity layer for stablecoins. By solving fragmentation and enabling native value accrual, Perena aims to drive broader adoption and real-world use cases for stablecoins across DeFi and beyond.

About Borderless Capital

Borderless Capital is a leading venture capital firm focused on the Algorand and broader Web3 ecosystem, investing in companies that are building the next generation of decentralized applications and infrastructure.

About Susquehanna

Susquehanna International Group (SIG) is a global quantitative trading firm with a significant presence in the crypto and blockchain space, known for its strategic investments in innovative technologies.

About Native Crypto

Native Crypto is an investment firm focused on supporting early-stage blockchain projects that are building critical infrastructure for the decentralized web.