We don’t see stablecoins as just faster payments. We see them as the foundation for a new kind of financial system. One where people control their money, where savings earn real yield, and where everything works at internet speed.
At Perena, we're building something entirely new. It’s not a traditional bank. It doesn’t lend your money out without asking. It doesn’t rely on government backstops. It doesn’t hide risk behind fine print. Instead, it gives users direct control over their digital dollars, full transparency into how capital is used, and access to yield through fully reserved, on-chain tools. Call it a Stablebank.
What is a Stablebank?
When you deposit into Perena, your funds are backed one-to-one by liquid, regulated stablecoins. The core of this system is USD*, our liquidity pool token that combines assets like USDC, USDT, and PYUSD. As more users hold USD*, some of that pooled capital sits idle. We put it to work by allocating it into yield-generating assets like BENJI, Franklin Templeton’s on-chain U.S. government money fund.
The result is simple. You hold a stablecoin that earns real-world interest, backed by T-bills, and stays liquid for trading on Solana. USD* is the first token on Solana to offer both AMM swap access and embedded treasury yield in the same asset. It’s the essence of stablebanking.
We started with a stableswap AMM, letting users trade between new and established stablecoins through USD*. Over 100,000 wallets have already interacted with the protocol. But AMMs have limits. They require passive capital to stay parked in pools, which is expensive for professional traders and inefficient for assets like stablecoins that carry a high cost of capital.
As on-chain markets evolve, users expect tighter pricing and faster execution. Relying on passive liquidity alone won’t be enough. That’s why we’re introducing a smart routing engine, Numéraire V2, that actively scans across all Perena pools, partner AMMs, and OTC venues to find the best possible price for every trade.
This system guarantees best price execution, protects users from overpaying, and unifies fragmented liquidity into a single, stablecoin-first layer on Solana.
What users can actually do
We are not just providing a token. We are offering basic financial functions people expect:
Save by holding USD* and earning passive, risk-adjusted yield
Invest by allocating into vaults that access stable yield strategies or swap fees
Use your composable currency across DeFi applications, including lending and trading
Spend with upcoming off-ramp tools and partner cards
Exchange between fiat-backed stablecoins and FX currencies without touching meme tokens
Borrow against your assets when needed
We’re also building for the long-term with advanced tools like:
Insurance coverage for digital assets
Credit lines based on your on-chain behavior and network reputation
Estate planning tools to transfer digital wealth across generations
The Pending Paradigm Shift
The end goal of Perena is about more than replacing banks. It’s about giving people a financial foundation that keeps up with the world they live in. That means faster markets, transparent instruments, and yield that doesn’t require blind trust.
Composable Currency Vaults are the next step. Users deposit USD*, select the yield strategy that matches their risk preference, and receive a token that grows in value over time. That token is proof of deposit. But unlike a bank slip, it works across DeFi. You can use it to borrow, swap, or hold as cash.
We do all of this without leveraging your deposits. You control how your capital is used. And when we earn through liquidity provisioning or yield strategies, that return flows back to you.
Perena’s Next Steps
Later this year, we’re launching off-ramping options that let users spend their on-chain balance in the real world. We’re also expanding support across chains and building tighter integrations between fiat and stablecoin rails.
The long-term goal is simple. We want to make stablecoins behave like real money. That means they should earn, move, and store value without friction. And the tools to do that should be open to anyone with internet access. That’s the Perena Promise.
We don’t see stablecoins as just faster payments. We see them as the foundation for a new kind of financial system. One where people control their money, where savings earn real yield, and where everything works at internet speed.
At Perena, we're building something entirely new. It’s not a traditional bank. It doesn’t lend your money out without asking. It doesn’t rely on government backstops. It doesn’t hide risk behind fine print. Instead, it gives users direct control over their digital dollars, full transparency into how capital is used, and access to yield through fully reserved, on-chain tools. Call it a Stablebank.
What is a Stablebank?
When you deposit into Perena, your funds are backed one-to-one by liquid, regulated stablecoins. The core of this system is USD*, our liquidity pool token that combines assets like USDC, USDT, and PYUSD. As more users hold USD*, some of that pooled capital sits idle. We put it to work by allocating it into yield-generating assets like BENJI, Franklin Templeton’s on-chain U.S. government money fund.
The result is simple. You hold a stablecoin that earns real-world interest, backed by T-bills, and stays liquid for trading on Solana. USD* is the first token on Solana to offer both AMM swap access and embedded treasury yield in the same asset. It’s the essence of stablebanking.
We started with a stableswap AMM, letting users trade between new and established stablecoins through USD*. Over 100,000 wallets have already interacted with the protocol. But AMMs have limits. They require passive capital to stay parked in pools, which is expensive for professional traders and inefficient for assets like stablecoins that carry a high cost of capital.
As on-chain markets evolve, users expect tighter pricing and faster execution. Relying on passive liquidity alone won’t be enough. That’s why we’re introducing a smart routing engine, Numéraire V2, that actively scans across all Perena pools, partner AMMs, and OTC venues to find the best possible price for every trade.
This system guarantees best price execution, protects users from overpaying, and unifies fragmented liquidity into a single, stablecoin-first layer on Solana.
What users can actually do
We are not just providing a token. We are offering basic financial functions people expect:
Save by holding USD* and earning passive, risk-adjusted yield
Invest by allocating into vaults that access stable yield strategies or swap fees
Use your composable currency across DeFi applications, including lending and trading
Spend with upcoming off-ramp tools and partner cards
Exchange between fiat-backed stablecoins and FX currencies without touching meme tokens
Borrow against your assets when needed
We’re also building for the long-term with advanced tools like:
Insurance coverage for digital assets
Credit lines based on your on-chain behavior and network reputation
Estate planning tools to transfer digital wealth across generations
The Pending Paradigm Shift
The end goal of Perena is about more than replacing banks. It’s about giving people a financial foundation that keeps up with the world they live in. That means faster markets, transparent instruments, and yield that doesn’t require blind trust.
Composable Currency Vaults are the next step. Users deposit USD*, select the yield strategy that matches their risk preference, and receive a token that grows in value over time. That token is proof of deposit. But unlike a bank slip, it works across DeFi. You can use it to borrow, swap, or hold as cash.
We do all of this without leveraging your deposits. You control how your capital is used. And when we earn through liquidity provisioning or yield strategies, that return flows back to you.
Perena’s Next Steps
Later this year, we’re launching off-ramping options that let users spend their on-chain balance in the real world. We’re also expanding support across chains and building tighter integrations between fiat and stablecoin rails.
The long-term goal is simple. We want to make stablecoins behave like real money. That means they should earn, move, and store value without friction. And the tools to do that should be open to anyone with internet access. That’s the Perena Promise.
