A major step toward transforming cross-border payments is taking shape as BNB Chain joins forces with Better Payment Network (BPN) to establish a worldwide settlement platform supporting multiple fiat-pegged stablecoins. Announced in mid-October 2025, the initiative aims to deliver near-instant global settlements while significantly cutting transaction costs for enterprises and financial institutions.
Building a Hybrid CeDeFi Payment Network
Under this collaboration, BPN will integrate its programmable payment infrastructure directly into BNB Chain. This setup enables seamless minting, swapping, and burning of stablecoins pegged to various regional fiat currencies. The platform operates as a hybrid “CeDeFi” (centralized plus decentralized finance) system, allowing licensed institutions to transact in a regulated framework while maintaining a permissionless on-chain foreign exchange (FX) market for broader liquidity.
The network is designed to address long-standing inefficiencies in traditional cross-border payments—such as pre-funded accounts, delayed settlements, and high transaction fees. BPN’s system targets a settlement time of three to four hours, down from the usual one to two days, while slashing average fees from around 2% to roughly 0.3%.
Currently, the network supports several non-USD stablecoins, including:
- BBRL (Brazilian Real-pegged token)
- cNGN (Nigerian Naira stablecoin)
- MEXAS (Mexican Peso stablecoin)
- EURI (Euro stablecoin)
Expanding Stablecoin Liquidity Across Emerging Markets
The initiative has secured a $50 million seed investment led by YZi Labs, formerly known as Binance Labs. This funding will help build on-chain liquidity pools and enhance market-making capabilities. With this capital, BPN plans to expand its stablecoin offerings to include up to 20 regional fiat currencies across Latin America, Africa, and Asia by the end of the year.
For BNB Chain, this partnership supports its evolution from a token-based ecosystem into a full-fledged enterprise settlement layer. According to BPN’s white paper, the platform integrates stablecoin issuers, banks, decentralized finance (DeFi) protocols, and liquidity providers to form what it calls “the world’s first on-chain FX market.”
The Road Ahead for Stablecoin Settlements
The introduction of a multi-stablecoin global settlement network on BNB Chain could represent a significant turning point for both the stablecoin and global payments sectors. By reducing reliance on USD-centric systems and enabling interaction among local fiat-pegged stablecoins, emerging economies may gain access to faster, cheaper, and more inclusive payment infrastructure.
However, the project’s success depends on several key factors:
- Regulatory clarity across multiple jurisdictions
- Credibility and transparency of stablecoin issuers
- Deep liquidity for regional currency pairs
- Seamless interoperability with traditional financial systems
From an investment standpoint, increasing real-world utility on BNB Chain could strengthen its role in global payments and potentially enhance BNB token demand. Still, challenges remain—building deep liquidity across many stablecoins is complex, and the platform must ensure enterprise-grade reliability to rival legacy payment networks. Additionally, growing regulatory scrutiny over stablecoins and cross-border transactions could introduce compliance hurdles as the project scales.
