BNB Chain has launched a new initiative aimed at making stablecoin payments easier, faster, and cheaper. The BNB Chain team stated that this is part of their larger goal to bring one billion new users into Web3, by making cryptocurrency transactions as simple as traditional online payments.
BNB Chain is working with popular platforms like Binance, Bitget, Gate.io, MEXC, and HTX Global to allow users to transfer stablecoins without paying gas fees. These fees, which are usually charged for transactions, will be covered by a service called MegaFuel, powered by Nodereal.io.
This means users can move their stablecoins freely on these exchanges, as well as on wallets and decentralized apps.
To make transactions even more user-friendly, BNB Chain is partnering with well-known wallet providers like Bitget Wallet and iSafePal. Soon, Binance Wallet and Trust Wallet will also join this effort, helping users easily send stablecoins with little to no extra cost.
BNB Chain is also making it easier for users to move stablecoins between different blockchains, thanks to a partnership with Celer Network. This collaboration will let users transfer their assets without fees, making cryptocurrency more flexible and useful.
In addition to all of this, BNB Chain is working with companies like AlchemyPay, Oobit, PayMuggle, NOWPayments, and Lunu Solutions to make stablecoin payments possible for everyday purchases. This could include simple things like buying a coffee or paying for services, bringing stablecoins closer to being as convenient as using cash.
Read also: BNB Chain and Binance Labs launch BNB Incubation Alliance for early-stage Web3 startups
To celebrate this initiative, BNB Chain is launching the “Gasless Carnival Season” on September 19. During this event, users can withdraw stablecoins from Binance, Bitget, Gate.io, MEXC, and HTX to the Binance Smart Chain (BSC) and opBNB without paying any fees.
They are also offering $25,000 to cover gas fees for transfers via Bitget Wallet and SafePal, and another $50,000 for gas-free cross-chain transfers through Celer.
