Changpeng Zhao affiliated venture capital firm YZi Labs led the $50 million seed round for stablecoin-based payment network Better Payment Network (BPN). Made by YZi Labs to explain Funds obtained according to global stablecoin It will be used to establish liquidity pools for payments and develop new market making infrastructures.
Cross-Border Transformation in the Stablecoin Economy
Built on BNB Chain BPNIt works with a combination of centralized and decentralized financial structures, enabling instant issuance, clearing and settlement of stablecoins based on different currencies. The company’s dual-line architecture, based on the CeDeFi model, aims to reduce transfer times from up to two days in traditional financial systems to 3-4 hours, while reducing transaction costs to an average of 0.3 percent.
Founder Request Fustated that the network “offers an alternative, inclusive liquidity model to US dollar-centric payment systems.” BPN’s solutions are currently used by corporate customers in Brazil, Nigeria, Mexico and Europe. Low-cost and instant fund transfer is provided through local stablecoins. The company plans to launch support for nearly 20 regional stablecoins in Latin America, Africa and Asia by the end of the year.
A Vote of Confidence in Global Finance Infrastructure from YZi Labs
YZi Labs Investment Partner Dana H.He stated that BPN creates a faster, scalable and more efficient payment ecosystem than both Web2 and Web3 solutions. The company’s investment aligns with its vision of placing stablecoins at the center of the global financial infrastructure.
The new investment will be used to balance intra-Blockchain FX pools and provide arbitrage-based price stability. Thus BPN is reliable and fairly priced for corporate customers in emerging markets. stablecoin transactions aims to present. According to Fu, the future of cross-border payments must be truly borderless, and BPN’s role is to bring issuers and institutions together in a single programmable network.
