Odaily Planet Daily reported on August 18th that BenFen, the public stablecoin blockchain incubated by Bixin Ventures, officially released version 1.24.1. This upgrade optimizes the Move virtual machine and network engine, significantly improving performance, achieving 10,000 TPS on a single chain and sub-second confirmations, and supporting cross-chain circulation of mainstream assets such as BTC, ETH, BSC, Solana, and Polygon. Core upgrades include:

Stablecoin gas payment: free from dependence on governance tokens;

Sponsor user transactions: Projects can pay for gas on behalf of users, optimizing the user experience.

zkLogin: Create a wallet with one click using your social media account;

Stablecoin reserve pool + DEX: ensuring payment stability and liquidity.

According to official information, BenFen, with "one-click issuance of stablecoins and Reliable Asset Access (RWA)," is building a comprehensive stablecoin infrastructure, covering the entire process of issuance, payment, and application. Its ecosystem application, BenPay, has integrated card, consumer-to-consumer (C2C), decentralized exchange (DEX), and lending functions, and will soon launch cross-chain asset management (Assets Management), supporting cross-chain conversion of USDC/USDT to BUSD, which can then be invested in a multi-chain, high-yield asset pool.