BNB Chain Announces the Gas-Free Carnival to Facilitate Its Stablecoin Transfers Smoothly
Key Takeaways:
- Users can transfer stablecoins freely on BNB Chain at zero fees through some exchanges and wallets.
- Bridging stablecoins from other chains to BNB Chain is free via Celer cBridge and Meson.fi.
- After transferring, users can access many high-APY opportunities for their stablecoins.
BNB Chain launched the Gas-Free Carnival to eliminate transaction fees for stablecoin transfers. The initiative is one of several efforts to streamline movement of assets and boost activity on the network.
Zero-Fee Stablecoin Withdrawals Through Top Exchanges
CEX users can now withdraw stablecoins for free to BSC and opBNB. Partners like Binance, Bitget, and MEXC waive withdrawal fees during the campaign.
For example, Binance members are able to withdraw USDT, USDC, or FDUSD in amounts higher than $20 per transaction to BSC or opBNB absolutely free. Other trading platforms, such as MEXC and Bitget, have a much lower requirement at a minimum deposit of $10.
Eligible withdrawals for the promotion include:
- Binance: USDT, USDC, FDUSD on BSC and opBNB
- MEXC: USDT, USDC on BSC
- Bitmart: lists USDT, USDC on BSC and opBNB
- Flipster: USDT, FDUSD on BSC
- Gate.io, Ourbit, BingX, LBank: USDT, USDC on BSC
Minimum withdrawal requirements apply to transfers, and you should verify particular details with each CEX before withdrawing.
BNB Chain Powered Free Wallet-to-Wallet Transfers
BNB Chain is also providing financial support for wallet-to-wallet stablecoin transfers that involve the most popular Web3 wallets. Projects such as Trust Wallet, SafePal, UXUY Wallet, Bitget Wallet, Coin98 etc., are also involved in the support.
Eligible wallets must meet the following criteria:
- 6 free transfers a day (2 each for USDT, USDC and FDUSD).
- A minimum transfer amount value of $0.10 for each transaction.
- Transfers must be in the form of direct wallet to wallet (BSC) movement, not Dapp swaps.
For instance, if someone is transferring FDUSD from a Trust Wallet to a SafePal wallet, the transfer will be able to take place gas-free, up to twice per user, per stablecoin, per day.
The offer is available in different wallets as mentioned:
- Trust Wallet
- Bitget Wallet
- UXUY Wallet
- SafePal
- Codexfield
- Coin98
- MathWallet
- Gate Web3 Wallet
- TokenPocket
- ImToken
- Wello
Such a wide network of wallet support makes it significantly easier for users to move funds without worrying about accumulating gas costs.
Free Cross-Chain Bridging via Celer cBridge and Meson.fi
For users who have assets on chains like Ethereum, Polygon, Avalanche, or Tron, moving assets to BNB Chain is now extremely easy and free.
Celer cBridge and Meson.fi are giving back 100% of gas fees and a $0 platform fee when cross-collateralizing qualifying stablecoins to BNB Chain. Service through the bridges began in the last quarter of 2024, and will run through March 31, 2025, or while rebates last.
Details include:
- Celer cBridge: Bridges USDC, USDT, FDUSD across Ethereum, Arbitrum, Optimism, Polygon, Avalanche. The gas rebates per user address is limited to a maximum of 1,000 FDUSD.
- Meson.fi: Offers the lowest threshold for USDT bridging from Ethereum, Arbitrum and Tron with the highest possible rebate of 1,000 USDT per user.
Tap the DeFi World With these New Opportunities After Bridging
Users can join DeFi opportunities across BNB Chain’s ecosystem.
Here are a few of the current opportunities:
- Venus: 5.54% with USDT, and increase your earnings all the way up to 21.86% with FDUSD.
- Kinza Finance: Offering APYs of up to 37.01% on FDUSD.
- Radiant: FDUSD deposits paying out more than 17% APY.
Not only easing access, but the Gas-Free Carnival further enhances the BNB Chain ecosystem by prompting wider stablecoin adoption throughout DeFi.
Whilst providing users with unmatched value, BNB Chain reserves the right to adjust, cancel the event at any time without notice. Remember that you are supposed to do your own research before participating in DeFi.
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