The network will cover the cost of gas in transfers, withdrawals and bridging with those stablecoins.
The program began in September 2024 and has already absorbed “more than 4 million dollars.”
The BNB Chain network will extend its program that eliminates commissions for different movements made with stablecoins until December 31, 2025.
The chain itself will cover the cost of the fee necessary to send transactions on all movements made with 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 dollars in commissions».
Circle’s USDC is one of the most used stablecoins on the market, while USD1 is issued by the company World Liberty Financial.
The initiative It is articulated with several exchanges and wallets in the ecosystem.
The BNB Chain team confirmed that it works together with platforms such as Binance, Bitget, MEXC, Bitmart 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 commissions of those who operate from wallets such as Binance Wallet, Trust Wallet, Bitget Wallet, SafePal, among others.
The strategy aims to reinforce the daily use of stablecoins within the BNB Chain.
By absorbing the cost of fees, the network reduces the economic barrier to moving funds, something that can be attractive to users who use these digital currencies in frequent payments or remittances.
Additionally, according to the statement, prolonging the cost reduction program can drive sustained activity.