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Changpeng Zhao’s affiliated venture capital company, YZi Labs, spearheaded a substantial investment of $50 million in the seed funding round for the Better Payment Network (BPN), a stablecoin-based payment network. According to a statement from YZi Labs, the newly secured funds will be directed towards establishing liquidity pools for global stablecoin payments and developing new market-making infrastructures.
Cross-Border Transformation in the Stablecoin Economy
Built on the BNB Chain, BPN operates by integrating centralized and decentralized financial structures, enabling instant minting, swapping, and settlement of stablecoins tied to various currencies. The company’s dual-path architecture based on the CeDeFi model aims to reduce traditional finance system transfer times from up to two days down to 3-4 hours, while also lowering transaction costs to an average of 0.3%.
Founder Rica Fu highlighted that the network presents an alternative, inclusive liquidity model compared to USD-centric payment systems. BPN’s solutions are already utilized by institutional clients in Brazil, Nigeria, Mexico, and Europe, facilitating low-cost and instant fund transfers through local stablecoins. The company plans to support nearly 20 regional stablecoins across Latin America, Africa, and Asia by year-end.
YZi Labs’ Vote of Confidence in Global Financial Infrastructure
Dana H., Investment Partner at YZi Labs, expressed that BPN creates a faster, scalable, and more efficient payment ecosystem than both Web2 and Web3 solutions. The company’s investment aligns with the vision of positioning stablecoins at the core of the global financial infrastructure.
The new investment is earmarked for balancing FX pools within the Blockchain and achieving price stability through arbitrage-based strategies. Consequently, BPN aims to provide reliable and fairly priced stablecoin transactions for institutional clients in emerging markets. According to Fu, the future of cross-border payments should be truly borderless, and BPN’s role is to connect issuers and institutions within a single programmable network.
