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BNB Chain will allow stablecoin transfers for free until the end of 2025
Source: Criptonoticias Original Title: BNB Chain will allow free stablecoin transfers until the end of 2025 Original Link: https://www.criptonoticias.com/mercados/bnb-chain-stablecoins-gratis-2025/ The BNB Chain network will extend its program that eliminates fees for various stablecoin transactions until December 31, 2025.
The chain itself will cover the cost of the fee required to send transactions for all movements involving USD1 and USDC.
According to the announcement, since the launch of the program in September 2024, BNB Chain has already absorbed more than $4 million in fees.
BNB Chain launched its program in September 2024.
Circle’s USDC is one of the most widely used stablecoins in the market, while USD1 is issued by World Liberty Financial.
The initiative is coordinated with several exchanges and wallets in the ecosystem.
The BNB Chain team confirmed that it is working with exchange platforms and wallets in the sector to offer free withdrawals of USD1 and USDC both on its network and on the opBNB chain.
At the same time, the network will cover the fees for users operating from wallets such as Trust Wallet, SafePal, among others.
The strategy aims to reinforce the everyday use of stablecoins within BNB Chain.
By absorbing the cost of fees, the network reduces the financial barrier to moving funds, which can be attractive for users who use these digital currencies for frequent payments or remittances.
In addition, according to the statement, extending the cost reduction program could encourage sustained activity.