Anna Yuan, founder of Perena and former head of stablecoins at Solana Foundation, discussed the evolving stablecoin market, focusing on USDC and Tether's roles in payments and wealth management. Yuan highlighted Solana's competitive advantages in efficiency and composability within the stablecoin space. Perena, supported by Yzi Labs and Maelstrom, is innovating in stablecoin liquidity and yield models. Yuan emphasized the stablecoin industry's potential bifurcation into payments and asset management tracks, with asset management offering greater long-term prospects. She also noted the increasing influence of quantitative teams on stablecoin liquidity and the regulatory challenges in regions like Hong Kong.