What is the Base chain stablecoin ANZ?

Author: Shaofaye123, Foresight News

The stablecoin track has always attracted much attention. Usual once rose from 0.25 U to 0.8 U before the market opened. The Trump family encryption project World Liberty chose to invest in ENA. Binance bet on the Solana chain stablecoin infrastructure Perena, while the Base chain stablecoin It seems that it has been tepid. This article will take you to take a quick look at ANZ, from breaking to rising 4 times. Is it a new Alpha opportunity or a wave of projects?

Start with the wealth effect of FJO

In mid-November, the market rebounded, on-chain liquidity gradually overflowed, and funds began to look for speculation targets. The spillover effect of Fjord, a new platform on the chain, is particularly obvious, especially in popular tracks, such as AI Agent. The odds of its launch project are extremely high, with a maximum increase of 33 times. Online projects are often sold out within minutes, and there are even scientists who reserve all the space. With the overflow of wealth effects from the platform's projects, the benefits of open staking and potential airdrops have also caused its platform token FJO to rise from 0.5 U to 1 U.

The stablecoin track has been a hot spot for long-term speculation. On December 2, Anzen, the Base chain's (USDz) stablecoin project launched by Fjord, attracted much attention, and the tokens were sold out as soon as they were launched. But after it went online, it suffered a severe break, from 0.01 U to 0.005 U. Is it another Rug project or an Alpha opportunity?

Anzen Finance background information

Anzen is the issuer of USDz and is on the RWA track. It is currently on 4 chains and will expand to more chains in 2025. USDz plans to be launched on platforms such as Movement, Berachain, Plume, Mantra, Monad, and Initia. Users holding USDz can obtain sustainable RWA income. Similar to Usual and other project types, the bottom layer is also treasury bond income. Users earn sUSDz by staking USDz tokens, and DeFi users have the opportunity to earn sustainable returns and diversify their investment portfolios, which currently offers an annual interest rate of 14.8%.

Anzen 's Secured Private Credit Portfolio

ANZ adopts the ve model and will be used to manage and develop the Anzen protocol and ecosystem , including: liquidity incentives, ANZ holder functions, basic rewards, protocol fees and voting pool incentives. The public sale of ANZ was launched on December 2 through FJO Launchpad, with a fixed price of 0.006 U. The total supply of tokens is 10,000,000,000 tokens, with Launchpad accounting for 6.7%, community airdrops accounting for 5%, and ecological rewards accounting for 2.7%. . Currently, its circulating volume is approximately 11.6%.

Comprehensive strength

According to The Block, Anzen Finance has now received $4 million in seed round financing to support the development of its RWA-backed stablecoin. Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital and others participated in the round.

The Anzen Finance team is from Taiwan and consists of a credit investment team with more than ten years of joint lending experience. Since 2018, the team has been working on mechanisms to put credit assets on the blockchain. Its underwriting and escrow partner is Percent, which has seen 1.6 billion transaction volume over the past seven years, an annual yield (APY) of 16% and a default rate of 2%.

The ANZ project side seems to have no shortage of cooperation resources, and it also has close relationships with major KOLs and NFT communities. Doodles, PudgyPenguins, etc. are all present. The project team seems to know how to operate it. On December 16, it also changed its avatar to a fat penguin.

In addition, according to the author's observation, since the ANZ project was launched, small funds have been continuously added to the pool, and smart money has continued to buy. The price of its token ANZ has increased four times from the bottom.

The TVL of the entire stablecoin track has grown from 130 billion at the beginning of the year to 203 billion. With Trump coming to power and the compliance process continuing to accelerate, the stablecoin track still has great potential for development. Currently, the Base chain stablecoin is still USDC, which occupies the leading position (TVL reaches 3.3 billion). DOLA, the third-ranked stablecoin, has experienced multiple unanchoring events of more than 2% in history. Since its release, USDz has surpassed DOLA and become the second largest stablecoin on Base. However, both TVL (90 million) and the current market value of ANZ (20 million) are still at a low level, and the risk of participation is high.