BNB Chain Doubles Down on Stablecoin Utility with Extended Gas Fee Relief

- BNB Chain, Deadline Extension for Gas Fee Exemption until June 30, 2025 - Applies from September 2023, Valid for USDT, USDC, FDUSD [Unblock Media] BNB Chain has extended its gas fee exemption policy for specific stablecoins until June 30, 2025. This policy is part of the 'Zero Gas Fee Carnival' initiative that started in September 2023, and it aims to eliminate gas fees for transfers of USDT, USDC, and FDUSD. Gas fees are often considered a barrier to entry for users of blockchain networks. Consequently, a policy waiving these fees can act as a powerful incentive to attract users and stimulate transaction activity. In practice, the BNB Chain has reported saving over $3 million in cumulative gas fees through this campaign, resulting in increased transaction frequency and on-chain volume. However, this policy applies only to transactions conducted through BNB Chain's affiliated partners. Examples include centralized exchanges such as Binance, Bitget, MEXC, BitMart, BingX, LBank, and HashKey, as well as wallet services like Bitget Wallet, Trust Wallet, SafePal, and TokenPocket. Additionally, when transferring assets using cross-chain bridge platforms like Celer, cBridge, and MesonFi, no fees will be incurred, reducing the burden on users. This strategy is seen not only as a means to encourage chain usage but also as an entry strategy centered around the partner ecosystem. This initiative is viewed as part of a broader strategy for cost reduction, user base expansion, and ecosystem activation on the BNB Chain. Major stablecoins such as FDUSD, USDC, and USDT are widely used in various fields like DeFi, payments, and remittances, and reducing their fee burdens can lead to increased overall chain traffic. BNB Chain provides detailed information on the campaign's scope, participation methods, and partner lists through its official blog. This effort aims for tangible transaction increases and expanded chain usage, making market outcomes worth watching.