BNB Chain Partners with BPN for Multi-Stablecoin Payment Network
BNB Chain has partnered with Better Payment Network (BPN) to develop a programmable, real-time payment layer leveraging stablecoin liquidity.
- Aims to connect traditional finance with blockchain through a multi-stablecoin framework.
- Backed by a $50 million investment from YZi Labs, focusing on eliminating pre-funded accounts with direct, on-chain transactions.
- Promises faster settlement times, higher capital efficiency, and lower transaction costs for enterprises.
- BPN’s infrastructure bridges centralized and decentralized finance using fiat-backed stablecoins.
- Supports regional stablecoins like BBRL, TRYB, cNGN, MEXAS, and EURI for seamless global settlements.
- Integrates with BNB protocols such as PancakeSwap and Aster for on-chain trading activities.
- Launch of BPN Earn will enable yield generation on idle capital, supported by Binance Earn.
- The initiative seeks to make stablecoins central to global payments, reducing costs from 2% to 0.3% and cutting settlement times to hours.
BNB Chain's current stablecoin supply exceeds $14.7 billion, marking significant potential for this new partnership.