BNB Chain Announces Major Update For Stablecoin Infrastructure

[PRESS RELEASE – Dubai, UAE, September 18th, 2024]

BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has announced new developments as part of a strategic focus to become the core infrastructure for stablecoin payments and digital financial transactions. This move is part of BNB Chain’s broader mission to bridge the gap between Web2 and Web3, making cryptocurrency as practical for everyday transactions as traditional money, and reinforcing its commitment to onboarding the next billion Web3 users.

BNB Chain aims to make stablecoin payments faster, cheaper, and more accessible for users by focusing on gasless transactions across centralized exchanges (CEXs), wallets, and bridges. By partnering with leading payment providers, gas-free transfers for USDT, USDC, and FDUSD will be supported. BNB Chain invites wallet providers, payment gateways, and merchants to contribute to the future of the stablecoin infrastructure here.

Key Developments:

1. Gasless Transfers on CEXs: BNB Chain will collaborate with centralized exchanges to ensure users can take full advantage of fee-free transfers, providing opportunities to maximize their savings on every transaction such as Binance, Bitget, Gate.io, HTX, and MEXC. Additionally, MegaFuel, an innovative global gasless solution developed by NodeReal and sponsored by BNB Chain, will cover gas fees for users across CEXs, wallets, and decentralized applications (Dapps).
2. Enhanced Wallet Support: BNB Chain is partnering with top wallet providers including Bitget Wallet and SafePal with Binance Web3 Wallet and Trust Wallet coming soon, to facilitate seamless, low-fee stablecoin transactions for users.
3. Free and Easy Cross-Chain Transfers: BNB Chain is enhancing liquidity and interoperability through collaborations with leading bridge providers like Celer. This will enable zero-fee transfers and superior liquidity, simplifying the movement of assets across different blockchains.
4. Real-Life Payment Integration: In a bid to integrate cryptocurrency into everyday transactions, BNB Chain is working with payment gateways such as Alchemy Pay, Oobit, Lunu, MugglePay, and Now Payment. These collaborations will facilitate real-life payments, allowing users to make everyday purchases, like buying a coffee, with stablecoins, making cryptocurrency transactions more practical and affordable. The payment gateway can be accessed here.

BNB Chain is committed to accelerating the adoption of stablecoin payments, tokenizing real-world assets, and making cryptocurrency as accessible and practical as traditional money in pursuit of its mission of onboarding the next billion Web3 users. As part of the enhancement of its stablecoin infrastructure, BNB Chain is launching the “Gasless Carnival Season” from September 19, 2024. This campaign will offer zero withdrawal fees on stablecoins from participating CEXs to BSC and opBNB, covers gas fees for transfers via participating wallets, and sponsors gas-free cross-chain transfers via participating bridges. More details will be released soon.

For more information, users can visit here. 

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

• BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
• opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
• BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

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

For more, readers can follow BNB Chain on X or start exploring via the Dapp library.