BenFen: A Layer 1 Blockchain Purpose-Built for Stablecoin Issuance, Application, and Payments

Why Participate

BenFen is a Layer 1 blockchain network focused on stablecoin issuance, circulation, and decentralized finance (DeFi). Its mission is to become the core infrastructure for global stablecoin circulation. Built on the MOVE language, BenFen achieves sub-second transaction confirmation and supports tens of thousands of TPS, significantly improving transaction efficiency.

BenFen natively supports one-click issuance of stablecoin and RWA (Real World Asset). It is compatible with mainstream Web2 identity systems, and through zkLogin technology, users can create on-chain wallets in one click using their Google or Apple accounts. This drastically lowers the entry barrier to blockchain, offering an accessible and secure experience for both everyday users and developers.

BenFen’s stablecoin mechanism centers around BUSD, adopting a cross-chain 1:1 rigid redemption model pegged to USDT/USDC. This ensures the stability and credibility of BUSD as the system’s core stablecoin. BUSD is widely used across scenarios such as gas fee payment, transactions, staking, swaps, and settlements, making it a reliable asset for on-chain economic activity.

Additionally, BenFen supports real-time conversion between BUSD and major fiat stablecoins of G20 countries. With a real-time FX mechanism, it delivers efficient and transparent currency pair trading to meet global users’ diverse financial needs, providing cost-efficient solutions for cross-border payments, e-commerce, and offline merchants.

BenFen’s native features include: one-click issuance of stablecoins and RWAs, stablecoin-as-gas , zero-cost transfers, privacy accounts and private transactions, as well as multi-chain, multi-currency payment and settlement. Users can issue tokens and RWAs with just one click without technical barriers, boosting issuance efficiency and security while lowering costs. The innovative stablecoin-as-gas model allows users to pay transaction fees directly with supported stablecoins (e.g., BUSD), without holding BenFen’s native token BFC. This greatly enhances convenience, cost-efficiency, and user-friendliness, providing efficient support for the popularization of decentralized applications. In certain scenarios, gas-free transfers offer a "zero-fee" experience, further reducing costs. The privacy mechanism allows users to hide address and balance information, ensuring transaction confidentiality. In addition, BenFen also provides a native cross-chain bridge that supports over 10 major public chains including ETH, BSC, Polygon, Optimism, Arbitrum, Avalanche, Base, Tron, and Solana. It enables fast, secure, and second-level cross-chain asset transfers, powering multi-chain interoperability.

BenPay, BenFen’s super app, serves as the BenFen ecosystem’s primary entry point, building a full closed-loop stablecoin economy. It integrates on-chain payments, stablecoin swaps, and lending. BenPay Card supports global payment scenarios and seamlessly connects with mainstream payment methods such as Apple Pay, Google Pay, and AliPay, covering consumption scenarios like Amazon, Netflix, Steam, ChatGPT, and X, delivering a smooth on-chain payment experience. BenPay DEX offers one-click swaps and aggregated order matching for stablecoins and cryptocurrencies, enhancing liquidity efficiency. BenPay C2C ensures the security and credibility of transactions through a decentralized escrow mechanism. BenPay Lending supports BTC collateralized borrowing and USDT lending, offering flexible assets management options. To expand on-chain financial services, BenPay will soon launch an on-chain asset management protocol. It will integrate multiple cross-chain yield products, supporting one-click transfers of mainstream stablecoins (such as USDC, USDT) into BenFen, where they are unified into BUSD. Users can then allocate BUSD into carefully curated high-yield protocols across various blockchains, enabling seamless cross-chain asset flow and stable growth with high APY returns. Leveraging its sub-second block production, low gas fees, and native stablecoin support, BenPay serves as a one-stop Web3 financial gateway for users worldwide—secure, efficient, and easy to use.

As a next-generation decentralized finance platform centered on stablecoins, BenFen reshapes on-chain payments and financial experiences. With high-performance architecture, multi-chain compatibility, diverse ecosystem applications, and developer-friendly tools, BenFen provides secure, low-cost, highly available, and blockchain services that drive deep integration of stablecoins into real-world use cases.

On August 18, 2025, BenFen announced the release of public chain version v1.24.1 had completed a significant upgrade. The update was deeply incubated and technically supported by Bixin, injecting strong momentum into BenFen’s development. Previously, Bixin had invested $10 million in BenFen, showcasing its strong confidence in BenFen’s technical potential and Web3 payments vision.

Tutorial for Participation

On August 22th, BenFen launched its Galxe campaign (link: https://app.galxe.com/quest/BenFen/GC2HDt6GzM), offering exclusive quests and point-based rewards for early users. Participants who complete tasks and accumulate points may qualify for future airdrop rewards. By joining the Galxe campaign and following project updates, users not only become early adopters of BenFen but also gain opportunities for generous token airdrops in the future.

The current Galxe quest is titled “Join the BenFen Community Early.” Most tasks are simple social interactions, with a maximum of 55 points available. The deadline is September 5th, so users are encouraged to complete tasks as soon as possible and stay tuned for new BenFen quests on Galxe.

👉 Official Website: https://www.benfen.org

👉 More Info: https://x.com/BenFen_Official