BNB Chain, a leading blockchain ecosystem, announced a groundbreaking update on September 18. The new feature enables gasless transactions, allowing users to avoid paying transaction fees when sending stablecoins such as Tether (USDT), Circle USD (USDC), and First Digital USD (FDUSD).
Making stablecoin payments more accessible, faster and cheaper
With this innovation, BNB Chain aims to make stablecoin payments more accessible, faster and cheaper. Gala Wen, Director of Ecosystem Development at BNB Chain, explains: “We are working with crypto exchanges, wallets and cross-chain bridges to create a gas-free transaction experience.”
The gasless transactions are already available on platforms such as Bitget Wallet and SafePal. Binance Web3 Wallet and Trust Wallet will soon be added to the list of supported wallets. This initiative fits within BNB Chain’s broader mission to drive Web3 adoption and simplify crypto usage in everyday life.
Strengthening cross-chain bridges
Additionally, BNB Chain is strengthening support for cross-chain bridges and partnering with bridge providers such as Celer, enabling free transfers and improved liquidity across blockchains.
This announcement comes at a crucial time, as the European Union is in the process of implementing the Markets in Crypto-Assets Regulation (MiCA), which will apply to crypto exchanges and wallet providers from December 30, 2024. However, BNB Chain is primarily focused on optimizing transactions, without issuing or managing stablecoins itself.
With the launch of gasless transactions, BNB Chain is taking a big step in making crypto more accessible to the general public.
Source: https://newsbit.nl/bnb-chain-lanceert-gasloze-stablecoin-transacties-goedkoper-en-sneller-betalen-met-crypto/
