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BNB Chain Partners with BPN to Build Multi-Stablecoin Global Payment Layer

Backed by $50 million from YZi Labs, the collaboration targets on-chain liquidity for stablecoin settlements across emerging markets.

BNB

Summary

BNB Chain has announced a strategic collaboration with Better Payment Network (BPN) to create a programmable, real-time payment base layer powered by on-chain liquidity for multi-stablecoin global settlements. Supported by $50 million in funding led by YZi Labs, BPN’s platform aims to unify the issuance, exchange, and settlement of stablecoins, bridging centralized and decentralized finance. The network operates in Latin America, Africa, and Asia, working with local payment institutions and compliant stablecoin issuers to integrate regional stablecoins for full on-chain settlement capabilities.

Terms & Concepts
  • On-chain Liquidity: Digital asset funds available directly on a blockchain network, enabling transparent, instantaneous, and secure transactions without intermediaries.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as fiat currency or commodities.
  • CeFi and DeFi: CeFi (Centralized Finance) refers to traditional, centrally managed crypto services, while DeFi (Decentralized Finance) operates without intermediaries on blockchain networks.