BNB Chain is really making waves in the world of USDT (Tether) transfers! It's now the go-to place for many people who are moving USDT around, and it's even got more active users doing this than some of the other big networks out there.
Think of it this way: more individual wallets are actively holding and sending USDT on BNB Chain than on networks like TRON. This has been a trend for the last few months.
What's interesting is that while other networks might see bigger amounts of USDT being moved in single transactions, BNB Chain is becoming super popular for smaller, everyday transfers – like those between $100 and $1,000. You see this a lot in places like Southeast Asia.
More and more people on BNB Chain are also using stablecoins in general. This rise in USDT activity seems to be linked to a couple of things:
No Gas Fees for USDT (for now!): BNB Chain has this cool thing called the "Gas-Free Carnival" where you don't have to pay those small transaction fees (called "gas") when you move USDT, USDC, or FDUSD on their main network and a newer, faster version called op BNB. This has been extended until the end of June 2025 and even covers moving USDT in and out of big crypto exchanges and through some popular apps.
Lots of Action in DeFi: The world of decentralized finance (DeFi) on BNB Chain is buzzing, especially on Pancake Swap, which is the most used platform there. People are using USDT a lot to trade different cryptocurrencies and stablecoins.
Still Active on Binance: Even though some users in Europe can't directly trade USDT pairs on the main Binance exchange anymore, USDT is still very active within the whole Binance ecosystem through things like decentralized trading, Binance Pay (their payment system), and just regular transfers.
So, basically, BNB Chain is becoming a major hub for USDT activity, with lots of people actively using it for their transactions.
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