In an effort to enhance the **adoption** of **stablecoins**, BNB Chain has officially announced that the “Zero Gas Fee Carnival” initiative will be extended through March 31, 2024. This strategic move is designed to facilitate the seamless withdrawal of prominent stablecoins, including **USDT**, **USDC**, and **FDUSD**, from centralized exchanges to the BSC and opBNB networks without incurring any gas fees. Major exchanges such as **Binance**, **Bitget**, and **MEXC** are participating in this promotion.
The initiative, which originally launched in September 2023, has proven to be impactful, accounting for 8.8% of total transaction volume on the BNB Chain. Moreover, the stablecoin ecosystem on BNB Chain is robust, boasting a market capitalization close to **$5 billion**, positioning it as the third-largest in the sector. Users taking advantage of this period will also benefit from zero fees for cross-chain transactions through services like **cBridge** and **Meson**, ensuring efficient and cost-effective transfers within the BNB ecosystem.