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BNB Chain Introduces Gas-Free Transactions for Stablecoins

18.09.2024 19:00 1min. read Kosta Gushterov
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BNB Chain Introduces Gas-Free Transactions for Stablecoins

BNB Chain has announced a major update designed to enhance its stablecoin infrastructure by introducing gasless transactions.

This update, revealed on September 18, is set to make stablecoin payments faster, more efficient, and cost-free. It aligns with BNB Chain’s broader mission to streamline everyday cryptocurrency use.

The new feature will enable gas-free transfers for leading stablecoins such as Tether (USDT), Circle USD (USDC), and First Digital USD (FDUSD), promoting fee-free transactions and boosting crypto adoption. BNB Chain plans to collaborate with major centralized exchanges like Binance and Gate.io to roll out this feature.

Wen, a BNB Chain spokesperson, highlighted that the initiative is designed to “simplify and broaden the use of stablecoins,” integrating them more seamlessly into daily transactions. The update will also enhance support for digital wallets and cross-chain bridges to facilitate gas-free transactions.

Bitget Wallet and SafePal have already adopted the new feature, with Binance Web3 Wallet and Trust Wallet expected to follow soon. Additionally, partnerships with bridge service providers such as Celer are anticipated to improve liquidity and make cross-chain asset transfers more efficient.

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