BNB Chain Launches Zero Gas Stablecoin Payment Plan

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September 18, 2024
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On September 18th, BNB Chain announced the launch of a gas-free stablecoin transfer initiative aimed at enhancing stablecoin infrastructure. The initiative will collaborate with major centralized exchanges and wallets, focusing on three stablecoins – USDT, USDC, and FDUSD – to achieve faster and cost-effective payment experiences.

Gala Wen, Head of Ecosystem Development at BNB Chain, stated that by partnering with "centralized exchanges, wallet providers, and cross-chain bridges," the initiative aims to create "gas-free transaction experiences." Partners include CEXs like Binance and Gate, and wallet service providers like Bitget Wallet and SafePal. Binance Web3 Wallet and Trust Wallet are also expected to join the initiative.

In terms of cross-chain capabilities, BNB Chain has partnered with bridging service providers like Celer to "enable zero-fee transfers and premium liquidity," streamlining cross-chain asset transfers. Wen emphasized that the initiative's goal is to simplify and expand stablecoin usage, integrating them into everyday life, driving BNB Chain's broader Web3 application goals.

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