OKX Crypto Exchange and Circle Partner to Introduce Fee-Free USDC Transactions

cryptonews.com:

On September 7, global web3 technology leader OKX and fintech firm Circle Internet Financial unveiled USDC features on the OKX Wallet and the OKX DEX aggregator.

This partnership aims to facilitate gasless USDC transactions, eliminating network fees and enabling cross-chain USDC swaps across multiple blockchains.

The integration of OKX DEX aggregator with Circle's Cross-Chain Transfer Protocol (CCTP) now allows for seamless, feeless transactions across 7 blockchain networks: Ethereum, OKTC, BNB Chain, Polygon, Optimism, Arbitrum One, and Avalanche C.

This development marks a significant leap forward in user-friendly, permissionless on-chain utility, enabling USDC to flow naturally across diverse blockchain ecosystems.

Running from September 7 to October 5, 2023, the "USDC Zero Network Fee Campaign" is set to empower OKX Wallet users with the ability to send, receive, and swap USDC without incurring any network fees, provided they utilize the wallet's Smart Account feature.

The Smart Account, launched on August 2, 2023, leverages account abstraction technology to streamline USDC transactions across various blockchains.

Using the quick-swap feature, participants can enjoy up to five feeless transactions per day, per device. It's worth noting that the total reward and feeless transaction count reset daily at 4:00 pm UTC.

To qualify for this campaign, participants must hold a minimum of 10 USDC in their wallet, with unofficially released assets like USDC.e not factored into the total assets.

Each transaction is eligible for a maximum waiver of 5 USDC. The transaction will not qualify for a fee waiver if the network fee exceeds this limit. 

In cases where the daily limit for waived fees is reached, feeless transactions will