Perena 🤝 @MessariCrypto We're excited to be featured in Messari's State of Stablecoins 2025 report. Our Numeraire AMM is driving unified liquidity across fragmented stablecoin markets, Swaps like $595M USDC→USDT and $575M in reverse show real volume. PYUSD and USDS both cleared $93M+, confirming rising demand for emerging stables.

USDC → USDT swaps: $595M USDT → USDC: $575M PYUSD & USDS: $93M+ each “Other pairs”: $216M

What’s powering all this? At Perena, we’re building a stablebank on Solana: • Numeraire – the stableswap AMM • USD* – a yield-bearing LP token backed by top stables • Vaults – like JLP Delta Neutral, earning >70% APY, fully hedged

This model removes fragmentation, reduces idle capital, and turns liquidity into something actually productive. No silos. No wasted assets. Just clean, composable stablecoin infra.

Messari’s report covers stablecoins as critical infrastructure, For payments, dollar access, and RWAs. As stablecoin wars heat up… Will unified layers like Numeraire win? Or is RWA integration the final boss? We’re all ears. What’s your take?

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