Ayush kumar Jha

Perena stands as a significant undertaking within the decentralized finance (DeFi) landscape, specifically focused on building a robust infrastructure for stablecoins on the high-performance Solana blockchain. With an overarching ambition to redefine the very concept of money, the project has already launched Numéraire, a multi-token stableswap, and is actively developing synthetic Collateralized Debt Position (CDP) money. Perena powers USD*, a new kind of on-chain dollar that is more secured, composable...

Abstract Stablecoins have become an essential component of the cryptocurrency ecosystem, providing a bridge between digital assets and traditional financial systems by offering price stability. However, despite their intended stability, stablecoins are exposed to various risks, including de-pegging, liquidity crises, smart contract vulnerabilities, regulatory uncertainty, and market manipulation. The integration of artificial intelligence (AI) in stablecoin ecosystems presents a promising solution for en...

Good Money and Bad Money: As stablecoins continue to expand in use, what will the structure of digital banks appear like in the twenty-first century? Abstract The fast expansion of stablecoins transforms the financial system because they combine digital innovation with traditional asset stability. Payment systems can become revolutionary with stablecoins because they allow real-time transactions that cross borders without high costs. Stablecoins’ applications within decentralized finance (DeFi), persona...