.png)
We are excited to announce that StraitsX users can now leverage the BNB Smart Chain (BSC) for USDT transactions via the StraitsX platform! As part of our ongoing commitment to provide users with more network options, the integration of USDT (BEP-20) via StraitsX serves to offer greater flexibility for users seeking faster, and more cost-effective transactions.
What is USDT (BEP-20)?
USDT (BEP-20) refers to USDT issued by Tether on the BNB Smart Chain. Transactions involving blockchain Transfer In and Transfer Out are conducted through BSC addresses. The BEP-20 protocol is a technical standard used for smart contracts on BSC, allowing for the creation of fungible tokens that can be transferred between accounts and used across DeFi applications.
Why USDT on BNB Smart Chain (BSC)?
- High Adoption & Active Network: BSC is one of the most widely used networks for USDT, with strong user activity and transaction volume.
- High-Speed Transactions: BNB Smart Chain can handle 100+ transactions per second (TPS) with low latency, ensuring faster transfers.
- Lower Transaction Fees: Transacting USDT on BSC is affordable, providing a cost-effective option for deposits and withdrawals.
- Access to DeFi Opportunities: BSC hosts active liquidity pools on platforms like PancakeSwap, allowing you to swap USDT for other tokens or provide liquidity easily.
- Flexible Transfers & Swaps: Move USDT to and from your preferred wallets and swap directly for XUSD, XSGD or other supported tokens on the StraitsX platform.
At StraitsX, we are committed to continuously expanding multi-chain capabilities for our supported stablecoins. With the addition of USDT (BEP-20), StraitsX users now have more options to manage their digital assets, participate in DeFi opportunities, and enjoy faster, cost-efficient transactions.
Stay tuned for upcoming updates as we roll out more network integrations to make your experience on StraitsX even more seamless and flexible.
About the BNB Smart Chain (BSC)
BNB Smart Chain (BSC) is a Layer 1 blockchain developed by Binance to enable fast, low-cost, and scalable transactions. BSC has quickly grown to become one of the most popular networks for stablecoins and DeFi applications, hosting active liquidity pools and a large user base.
