BNB Chain teases gasless stablecoin transfers to crypto exchanges

Blockchain network BNB Chain announced plans to collaborate with centralized exchanges to ensure users can make fee-free stablecoin deposits.

BNB Chain (formerly known as Binance Smart Chain) is working on a new feature that would enable gasless stablecoin transfers across centralized exchanges, aiming to make digital payments more practical.

In a Sept. 18 press release shared with crypto.news, the BNB Chain team said that at launch, the gas-free transfers will support major stablecoins like 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.

The gas fees will be covered by MegaFuel, a gasless solution developed by infrastructure provider NodeReal and backed by BNB Chain. BNB Chain added that gasless transactions to the exchanges will also be supported via wallet providers like Bitget Wallet and SafePal, with Binance Web3 Wallet and Trust Wallet to follow.

BNB Chain bets on stablecoin’s bright future

In addition to wallets, BNB Chain is also working with cross-bridge providers like Celer to enable gas-free cross-chain transfers, simplifying asset movement across 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 discussions with payment gateways such as Alchemy Pay, Oobit, Lunu, MugglePay, and Now Payment to integrate crypto “into everyday transactions.” It is yet to be seen whether stablecoin payments via these providers will be limited to specific purchases.

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

To boost user activity, BNB Chain is launching a “Gasless Carnival Season” on Sept. 19, offering “zero withdrawal fees on stablecoins from participating centralized exchanges to BSC and opBNB, covering gas fees for transfers via participating wallets, and sponsoring gas-free cross-chain transfers via participating bridges.”

Read more: BNB Chain and SingularityNET partner to advance decentralized storage