YZi Labs (formerly Binance Labs) has led a US$50 million funding round in Better Payment Network (BPN), a payment network built to work with multiple stablecoins.

The investment reflects YZi Labs’ interest in supporting new financial systems that use stablecoins, operate on fast blockchains, and combine traditional and decentralised approaches to balance speed, flexibility, and regulatory compliance.

Many current fintech platforms require large sums of money to be held in local accounts in advance to make payments possible.

BPN’s system allows stablecoins to be created, exchanged, and removed in real time across countries, reducing the need to lock up capital.

Built on BNB Chain, BPN aims to settle cross-border payments within three to four hours, at a cost of about 0.3%, compared with around 2% through conventional foreign exchange channels.

BPN serves both businesses and licensed payment institutions through a regulated model, allowing transfers that meet KYC/KYB rules.

It already supports real-time conversions for several currencies, including Brazilian Real, Nigerian Naira, Mexican Peso, and Euro stablecoins.

By the end of the year, BPN plans to launch a decentralised model that lets anyone swap stablecoins and earn interest, without needing to provide identification, across up to 20 regional currencies.

The funds raised will be used to create initial liquidity pools for these stablecoin exchanges and to support a system that keeps exchange rates fair and stable.

“This multi-stablecoin liquidity model offers a more inclusive and efficient alternative to USD-focused payment systems, enabling smoother cross-border settlements for businesses worldwide,”

said Rica Fu, Founder of Better Payment Network.

“BPN was built on a simple belief, the future of cross-border payments is truly borderless. Our role is to connect issuers, merchants, and financial institutions in a single programmable network, where stablecoins become the standard for trust and settlement.”

“The founding team combines deep payments experience with Web2 and Web3 knowledge, and their approach is backed by a strong client pipeline. We’re excited to see blockchain make a practical impact, and BPN is leading the way,”

said Dana H., Investment Partner at YZi Labs.

Featured image credit: Edited by Fintech News Hong Kong, based on image by freepik