Perena has launched USD*, a new liquid savings token designed to offer stable, dollar-denominated returns. This marks a shift from its previous iteration as a simple stableswap LP token, aiming to provide more substantial, diversified yields.

USD* is designed for simplicity, allowing users to mint with stablecoins like USDC, hold to earn yield that accrues directly into the token's price, and redeem at any time. The token is built to be composable across various DeFi applications.

In the future, Perena plans to back USD* with a mix of assets including tokenized treasuries, real-world assets (RWA), on-chain lending, and market-neutral strategies. This move aligns with the growing trend of stablecoins offering native yield derived from a variety of on-chain and off-chain sources. The launch signals a move towards more sophisticated, yield-generating stablecoin products that offer users a "deposit and forget" experience without needing to manage complex DeFi strategies.