BNB Chain teases gasless stablecoin transfers to crypto exchanges

Blockchain network BNB Chain has announced plans to partner with centralized exchanges to allow users to invest in the stablecoin for free.

BNB Chain (formerly Binance Smart Chain) is working on a new feature that aims to make digital payments more convenient, enabling gas-free stablecoin transfers between centralized exchanges.

In a press release shared with crypto.news on September 18, the BNB Chain team said that at launch, gas-free transfers will support major stablecoins such as Tether (USDT), USD Coin (USDC), and First Digital USD (FDUSD) and will be facilitated through partnerships with centralized exchanges such as Binance, Bitget, Gate.io, HTX (formerly Huobi), and MEXC.

Gas fees will be covered by MegaFuel, a gas-free solution developed by infrastructure provider NodeReal and powered by BNB Chain. BNB Chain added that gas-free transactions will also be supported via wallet providers like Bitget Wallet and SafePal, with Binance Web3 Wallet and Trust Wallet to follow suit.

BNB Chain is confident in the bright future of the stablecoin

Aside from wallets, BNB Chain also works with cross-bridge providers like Celer to enable gas-free cross-chain transfers, simplifying the movement of assets between different blockchains.

However, it remains unclear whether BNB Chain is in talks with other cross-chain providers about this initiative.

Beyond crypto transfers, the network is also in talks with payment gateways like Alchemy Pay, Oobit, Lunu, MugglePay, and Now Payment to integrate crypto into “everyday transactions.” It’s not yet clear whether stablecoin payments through these providers will be limited to certain purchases.

BNB Chain says the partnership will “facilitate real-life payments, allowing users to make everyday purchases like coffee with stablecoins, making cryptocurrency transactions more practical and affordable.”

To increase user activity, BNB Chain is launching the “Gas-Free Carnival Season” on September 19, offering “zero withdrawal fees on stablecoins from participating centralized exchanges to BSC and opBNB, covering gas fees for transfers made through participating wallets, and sponsoring gas-free cross-chain transfers through participating bridges.”