Over the past months, Perena has laid the foundation for stablecoin-native finance on Solana: Numéraire powered billions in swaps and became the largest stableswap on Solana. USD* emerged as a liquid and yield-integrated core asset with core Solana protocols. We onboarded strategic investors from Citadel, IMC, SIG, Jane Street, and more. In this post, I want to share where we’re headed and some reflections on how we got here.

For the past few months, we’ve been working towards building a deeper form of on-chain financial coordination. The Stablebank Network brings this into focus as a distributed system that links stablecoin infrastructure, yield strategies, liquidity rails, and payments into a single architecture. It’s the shape of finance when value moves without friction and logic is built into every transaction.   Stablebanking begins with capital in motion. Value preservation speaks for itself, but velocity compounds value. Stablecoins accelerate that velocity by design—liquid, transferable, and yield-bearing from the moment they’re held. USD*, hyUSD, and sUSD are setting new expectations for what saving looks like. Through mechanisms like delta-neutral positioning, decentralized issuance, and automated yield rebalancing, stable balances begin working immediately. Users are no longer asked to choose between custody and utility—they can now expect both.

Skeptics often ask what DeFi is really for. One way to think about it is a lab. It’s where new instruments are designed, stress-tested, and refined long before TradFi is ready to touch them. This is visible in the tools already migrating from DeFi into institutional practice.

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.

Stablecoins are quietly becoming one of the most powerful forces in global finance. But the reasons they’re gaining traction aren’t the same everywhere. If you live in the U.S., the narrative might feel like an extension of fintech. Better rails, programmable money, new payment APIs etc… But outside the U.S., stablecoins aren’t a convenience. They’re a necessity.

This comprehensive analysis examines how enterprises are leveraging stablecoins to address real-world frictions in global finance and highlights key barriers that must be overcome for stablecoins to achieve mainstream adoption