Justin Sun announced that developers are currently working on a stablecoin transfer solution that can operate without gas fees on the TRON (TRX) network.
The cryptocurrency billionaire said the new service will launch later this year, first on TRON and then expanding to Ethereum (ETH) and other EVM-compatible chains.
“Our team is developing a new solution that enables gas-free stablecoin transfers. This means that transfers can be made without paying gas tokens, and the fees are fully covered by the stablecoin itself.
This innovation will first be implemented on the Tron blockchain and will later support Ethereum and all EVM compatible public chains.
We expect to launch this service in Q4 of this year. I believe that similar services will greatly help large enterprises deploy stablecoin services on blockchain, and will take blockchain adoption to a new level.”
At the time of writing, it is unclear how the new service would operate without gas fees.
Last month, market intelligence firm Lookonchain reported that Tether’s USDT trading volume on TRON was $53 billion over the past 24 hours, while payments giant Visa’s USDT trading volume was just $42 billion.
“The 24-hour trading volume of USDT on the TRON network is $53 billion, exceeding Visa’s average daily trading volume. Visa’s trading volume in Q1 2024 was $3.78 trillion, while its average daily trading volume was $42 billion.”
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