Blockchain network of cryptocurrency exchange Binance BNB Chaintook a new step towards strengthening its stablecoin infrastructure. On September 18, BNB Chain announced a gas fee-free transfer program for USDT, USDC, and FDUSD stablecoins.
Transfers and Collaborations Without Gas Fees
The program announced by BNB Chain aims to provide a faster and lower-cost payment experience by collaborating with centralized exchanges (CEX) and wallet providers. Binancemajor exchanges like Gate and Bitget Wallet, SafePal Collaboration will be made with wallet providers such as Binance Web3 Wallet And Trust Walletis also expected to participate in this program.
Gala Wen, who is responsible for the development of the BNB Chain ecosystem, stated that the aim of the program is to provide a “gas fee-free trading experience.” In addition to centralized exchanges and wallet providers, Celer It aims to provide zero-cost transfers and high-quality liquidity by collaborating with bridge providers such as . This will enable users to make cross-Blockchain transfers more easily and cost-effectively.
BNB Chain’s Web3 Mission
With this announced program, BNB Chain aims to increase the integration of stablecoin into daily life and expand the use of Web3 applications. According to Wen, the move will make stablecoin use more widespread, while BNB Chain Web3 will contribute to reaching a wider user base in the world.
Especially in the DeFi ecosystem stablecoin‘s importance is great and by further improving the user experience with this initiative. Moreover, it is evaluated that it can help BNB Chain to become a leader in the industry.
According to DeFiLIma’s data, BNB Chain is currently an extremely powerful blockchain network with a total asset value of $4.334 billion locked. The network ranks 4th with its current TVL. Unsurprisingly, the first place goes to $44.57 billion TVL. Ethereum 
$2,318 followed by a market value of $8.196 billion Tron is following.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
