Against the backdrop of the accelerated integration of global crypto payments and stablecoins, on-chain financial infrastructure is facing challenges such as performance bottlenecks, fragmented liquidity, and high user barriers. How to efficiently integrate the deterministic advantages of stablecoin with the core functions of on-chain payment, cross-chain interoperability, and C2C transactions has become the key to the sustainable development of the current Web3 ecosystem.

BenPay, as a next-generation on-chain financial hub, is committed to solving these challenges. Built on the high-performance BenFen Chain, it aggregates stablecoin liquidity, enables cross-chain asset transfers, and merges payment and DeFi scenarios to create a multi-currency stablecoin financial operating system for global users and merchants.

BenPay connects not just assets, but real-world value flows.

I. Technical Basis: BenFen Public Chain's Performance Base for Stablecoins

BenPay's underlying infrastructure is the BenFen public chain - a high-performance public chain built specifically for stablecoins and financial applications. BenFen is built on the Move language, adopts a secure composable resource model, combines DAG structure and concurrent transaction processing architecture, and provides:

• Sub-second latency

• High TPS throughput

• Ultra-low gas fees (below $0.001)

Meanwhile, BenPay integrates zkLogin privacy authentication technology, allowing users to log in to on-chain wallets with one click through social accounts such as Google and Apple. Compared to traditional private key systems, zkLogin balances privacy protection and User Experience, significantly reducing the threshold for Web2 users to enter Web3.

Furthermore, BenFen establishes a stablecoin value anchor through BUSD (BenFen USD). All BenPay transactions, top-ups, and payments are priced using BUSD , ensuring a unified, trustless asset-pegging system.

II. Core Product Suite: Eight Modules Building a Closed-Loop On-Chain Financial Ecosystem

BenPay has built a highly composable financial module with stablecoin flow as the main line, forming a complete ecosystem covering payment, transaction, lending, social, and cross-chain.

1.BenPay Card: USDC Direct Top-Up, 0 recharge fee, Global USD Spending

The BenPay Card is a stablecoin payment card designed for global users. It supports one-click recharge of USDC and automatically converts to BUSD (anchored to 1 US dollar) at a 1:1 ratio, allowing users to make global online/offline purchases denominated in US dollars.

Supported platforms include: Amazon, Google Play, Google Cloud, WeChatPay, Steam, Twitter and other mainstream applications and commercial scenarios, covering high-frequency daily life and global consumption needs.

In addition, the card has the features of high limit, low handling fee and global availability, so users can realize the transformation of assets on the chain to real consumption without complicated operation, which can really open the last kilometer of “chain to offline”.

Together with BenPay upcoming card level entitlement system and physical card functions (BlueFlow Card, GoldPulse Card, PlatinumHalo Card), digital assets will have richer payment usage scenarios such as spending rebates and ATM cash consumption.

2.BenPay DEX: Upcoming Stablecoin-Centric On-Chain Trading Platform

Focused on stablecoin swaps, BenPay DEX leverages a Concentrated Liquidity Market Maker (CLMM) model, offering:

• Low-slippage trading

• Real-time exchange rates

• Transparent on-chain pricing

Supports trading of mainstream stablecoin pairs such as BUSD/USDC, BUSD/USDT, and is an efficient entry point for stablecoin users to conduct Asset Allocation and exchange.

3.BenPay Bridge: Secure Cross-Chain Bridge for ETH/BSC/Polygon

BenPay Bridge supports asset transfer between mainstream chains. Currently, it integrates ecosystems such as Ethereum, Binance Smart Chain (BSC), and Polygon to achieve secure asset migration between different chains.

The bridge uses an in-chain verification mechanism to simplify the cross-chain relay process, improve asset composability and liquidity freedom, and greatly reduce transaction risks.

4.BenPay C2C: Truly Decentralized Peer-to-Peer Marketplace

BenPay C2C module reconstructs the traditional OTC process by removing the aggregator and centralized custodian, and allowing users to directly conduct peer-to-peer asset transactions through smart contracts:

• P2P matching without third parties

• Support for stablecoin/crypto trading pairs

• Fully auditable on-chain orders and settlements

This significantly reduces the threshold for asset transfer and fiat currency docking between users, and is an important entry point for Web3 users to manage digital assets.

5.BenPay Collateralized Lending: Flexible Stablecoin Loans with Dynamic Rates

BenPay Collateralized Lending supports users to collateralize assets such as BTC/BUSD/USDT for on-chain lending and borrowing through a flexible pledge mechanism with:

• Dynamic interest rates (supply-demand adjusted)

• Risk-visualization controls

• Smart liquidation protection

This feature provides credit extension capabilities for assets such as stablecoins, improves on-chain capital utilization, and will become an important cornerstone of the on-chain DeFi derivative ecosystem.

6.BenPay On-Chain Red Packets: Social Payments Meets Asset Interaction

BenPay is the world's first on-chain red envelope mechanism, integrating transfer behavior with social interaction, supporting:

• Fixed/random amount red packets

• Standard, lucky draw, or password-based red packets

• Generate sharing links with one click

In Web3 high-frequency interactive scenarios such as DAO incentives, content rewards, and cybertribe operations, BenPay red packets provide a new incentive model.

7.zkLogin Wallet: Privacy-enhanced One-click Social Login Experience

BenPay addresses the pain points of traditional mnemonics by introducing Zero Knowledge Proofs (zk-SNARKs), which allow users to log in via Google/Apple accounts with a single click, eliminating the need to memorize complex mnemonics.

At this point, the technological breakthrough ultimately translates into a leap in user experience, clearing the final obstacle for large-scale user migration. Users can generate zkLogin wallets with one click through accounts such as Google and Apple, generate private keys locally, and verify them on the chain through zero-knowledge proof, ensuring:

• Full privacy protection

• Seedless convenience

• Multi-device support

This mechanism ensures that the private key is generated locally and cannot be obtained by third-party platforms, while reducing the entry threshold for Web2 users to a minimalist operation of "click login". It will greatly promote Web2 users to enter the BenPay ecosystem without barriers and support large-scale user growth.

8.Merchant Payments: On-chain Payment System Connects Web3 with the Real Economy

The BenPay merchant system supports two main payment methods:

• Crypto-to-Crypto: Direct crypto payments

• Fiat-Crypto: Fiat currency conversion payment mode (access to compliance payment channel)

All transaction records are transparent on the chain and can be used for auditing and traceability, especially suitable for small and medium-sized merchants, digital creators, cross-border service platforms and other groups.

Ⅲ.Application scenario innovation: from technical products to value network landing practice

BenPay's innovation also lies in redefining the possibilities of on-chain finance by solving the pain points that cannot be overcome by traditional models through two core scenarios:

1.Cross-border transfer: opening the era of high efficiency and low cost

In traditional cross-border transfer, companies need to use the SWIFT system to transfer US dollars, which takes 2-3 days and incurs fees as high as 1-3%. BenPay's multi-currency stablecoin system (such as BUSD and BINR) completely rewrites this situation: Hong Kong companies can pay Indian suppliers through BINR, eliminating the US dollar transfer process, compressing transaction confirmation time to 1 second, and reducing costs by 99%.

2.Stablecoin Ecology: Upgrading the Paradigm from "Centralized Custody" to "Decentralized Stability"

In the field of stablecoins, traditional projects such as USDT rely on centralized custody, which poses problems such as insufficient transparency and reserve risks. BenPay's BUSD adopts a decentralized model of "50% BFC Permanent Lock + Dynamic Liquidity Adjustment". Through the collaboration of elastic supply algorithm and BenPay DEX, it achieves super stability anchored to 1:1 USD, with price fluctuations controlled within a certain range, far exceeding the industry average.

This "decentralized publishing + intelligent algorithm regulation" model not only provides a reliable value storage medium for DeFi and on-chain finance, but also redefines the trust foundation of stablecoins - trust no longer comes from institutional endorsements, but from transparent mechanisms and economic models constructed by technology.

IV.Ecological strategic positioning: BenPay is not only a product, but also an on-chain financial infrastructure layer

BenPay is not just a single Payment Instrument, but a complete on-chain stablecoin financial operating system that builds multi-scenario asset circulation channels. Its system-level positioning is reflected in:

• Stablecoins as foundational value anchors

• Seamless integration of trading, payments, lending, social, and cross-chain functions

• Unified on-chain model for assets, identity, and behavior

• BUSD as the ecosystem stabilizer, driving economic closure

With the help of BenFen public chain technology, zkLogin login, ecological token BFC, etc., BenPay is building a truly Web3 financial infrastructure platform for global users.

Conclusion: Redefining the future of value flow on the chain

The future of stablecoins is not only about asset security, but also about how value flows. BenPay promotes the comprehensive upgrade of stablecoins from "on-chain value storage" to "on-chain payment" through technology integration, product portfolio, and ecological collaboration.

With the continuous expansion of the BenPay ecosystem, it is becoming a new pivot for on-chain finance - a multi-currency stablecoin financial operating system that allows assets to be paid, lent, socialized, and flowed across chains.

BenPay - a multi-currency stablecoin on-chain financial platform that connects global value flows.

Learn more: https://benpay.org

Experience the new era of Web3 payment immediately.