BNB Chain Announces Major Update For Stablecoin Infrastructure

Dubai, UAE, September 18th, 2024, Chainwire BNB Chain, the community-driven blockchain ecosystem that includes the world's largest smart contract blockchain

BNB Chain, the community-driven blockchain ecosystem, 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.

To achieve this goal, BNB Chain is 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:

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:

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 Twitter or start exploring via the Dapp library.