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CZ’s YZi Labs Leads $50M Round for Stablecoin Payments Firm BPN
Yahoo Finance· 2025-10-16 08:16
Core Insights - YZi Labs has led a $50 million seed round in Better Payment Network (BPN), focusing on modernizing cross-border payments using stablecoins [1][3][8] Funding and Market Impact - The funding represents one of the largest early-stage rounds in the payments sector this year, indicating a significant investment in CeDeFi infrastructure for emerging markets [3][8] - BPN plans to utilize the $50 million to develop onchain liquidity pools and market-making systems for stablecoin transactions [4][8] Operational Model and Efficiency - BPN's model addresses inefficiencies in international payments by replacing traditional pre-funding methods with real-time stablecoin issuance, reducing settlement time from days to hours [5][8] - The company claims that transaction costs can decrease from approximately 2% to 0.3%, enhancing the affordability and speed of transactions [5] Product Offerings and Future Plans - BPN's multi-stablecoin liquidity model aims to provide a more inclusive alternative to USD-centric payment systems, facilitating transactions in various regions including Brazil, Nigeria, Mexico, and the Eurozone [6] - The startup intends to launch a DeFi FX market by the end of the year, supporting up to 20 regional stablecoins across Latin America, Africa, and Asia [7][8] Strategic Vision - Dana H., an Investment Partner at YZi Labs, describes BPN as a transformative solution for cross-border payments, emphasizing its potential for instant settlement, cost savings, and scalability [7]