YZi Labs announced that it will lead the $50 million financing of the stablecoin project BPN

On October 16th, an official announcement revealed that YZi Labs led a $50 million funding round for Better Payment Network (BPN).

This round of funding will be used to accelerate the development of its multi-stablecoin payment infrastructure and further advance BPN's vision of building scalable, real-world blockchain applications that connect traditional finance with on-chain systems.

The new funds will be invested in two key areas: establishing an initial on-chain liquidity pool for inter-stablecoin exchange channels, and building an early market-making ecosystem.

BPN is a programmable payment network built on BNB Chain. It connects centralized and decentralized finance by enabling the minting, exchange, and settlement of fiat-backed stablecoins through a unified layer.

The network utilizes a CeDeFi dual-track system, supporting real-time stablecoin minting, exchange, and destruction, reducing cross-border settlement times from the traditional 1-2 days to 3-4 hours and lowering average costs from approximately 2% to 30 basis points.

BPN's centralized finance model serves businesses and licensed payment institutions, and already supports real-time conversions across major non-USD currency corridors, including the Brazilian Real (BBRL), the Nigerian Naira (cNGN), the Mexican Peso (MEXAS), and the Euro (EURI). The decentralized finance model, planned for launch by the end of the year, will support 20 regional stablecoins across Latin America, Africa, and Asia.

The BPN is committed to building a unified technology layer on the BNB chain to support the minting, exchange, and settlement of fiat-backed stablecoins.

This will bridge the barriers between centralized finance (CeFi) and decentralized finance (DeFi), enabling faster, lower-cost, and regulatory-compliant cross-border payment solutions for the global market.