BNB Chain Announces Gasless Stablecoin Payments Initiative

BNB Chain, a community-driven blockchain ecosystem, has announced an update to improve stablecoin infrastructure through gasless transactions. The initiative focuses on making stablecoin payments more accessible, faster, and cheaper, keeping with the chain's goal of simplifying everyday crypto transactions.

Partnerships with CEXs and Wallets

The initiative aims to create a "gas-free transaction experience" by partnering with "CEXs, wallet providers, and bridges." This includes integrations with centralized crypto exchanges (CEXs) like Binance and Gate.io, as well as wallet providers Bitget Wallet and SafePal.

Enhancing Stablecoin Adoption

The gasless transfer feature for Tether (USDT), Circle USD (USDC), and First Digital USD (FDUSD) is designed to "simplify and expand the use of stablecoins" and integrate them "into daily life," further advancing BNB Chain's goal of "widespread Web3 adoption."

Source: https://cointelegraph.com/news/bnb-chain-stablecoin-gasless-transactions-september-2023-update

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