BNB Chain Unveils Major Stablecoin Infrastructure Update

Strategic Focus on Gasless Transactions

BNB Chain aims to make stablecoin payments faster, cheaper, and more accessible by focusing on gasless transactions across various platforms, including:

• Centralized exchanges (CEXs)
• Wallets
• Bridges

Through partnerships with leading payment providers, BNB Chain will support gas-free transfers for major stablecoins, including USDT, USDC, and FDUSD. The chain invites wallet providers, payment gateways, and merchants to contribute to the future of stablecoin infrastructure.

Key Developments in Stablecoin Infrastructure

Gasless Transfers on CEXs

BNB Chain will collaborate with centralized exchanges to ensure users can take full advantage of fee-free transfers, maximizing their savings on transactions. Notable exchanges involved include:

• Binance
• Bitget
• Gate.io
• HTX
• MEXC

Additionally, the MegaFuel solution, developed by NodeReal and sponsored by BNB Chain, will cover gas fees for users across CEXs, wallets, and decentralized applications (DApps).

Enhanced Wallet Support

To facilitate seamless low-fee stablecoin transactions, BNB Chain is partnering with leading wallet providers, including:

• Bitget Wallet
• SafePal
• Binance Web3 Wallet (coming soon)
• Trust Wallet (coming soon)

Free and Easy Cross-Chain Transfers

BNB Chain is enhancing liquidity and interoperability through collaborations with leading bridge providers like Celer. This initiative will enable:

• Zero-fee transfers
• Superior liquidity for asset movement across different blockchains

Real-Life Payment Integration

In a bid to integrate cryptocurrency into everyday transactions, BNB Chain is working with various payment gateways, including:

• Alchemy Pay
• Oobit
• Lunu
• MugglePay
• Now Payment

These collaborations will facilitate real-life payments, allowing users to make everyday purchases, such as buying coffee, using stablecoins.

Gasless Carnival Season Launch

As part of enhancing its stablecoin infrastructure, BNB Chain is launching the “Gasless Carnival Season” starting September 19, 2024. This campaign will offer:

• Zero withdrawal fees on stablecoins from participating CEXs to BSC and opBNB
• Coverage of gas fees for transfers via participating wallets
• Gas-free cross-chain transfers via participating bridges

More details on the campaign will be released soon.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem focused on removing barriers to Web3 adoption. It comprises:

• BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible Layer 1, serving as the ecosystem’s governance chain.
• opBNB: A scalability Layer 2 solution that offers some of the lowest gas fees and rapid processing speeds.
• BNB Greenfield: Designed to meet decentralized storage needs, allowing users to establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while the Red Alarm provides a real-time risk scanner for DApps. The ecosystem also offers a range of monetary and ecosystem rewards through its Builder Support Program.