Tron founder Justin Sun announced today that the company plans to introduce a new solution that will enable users to transfer stablecoins without incurring gas token fees.
In a post on platform X dated July 6, Sun indicated that the development team aims to launch this solution in the fourth quarter of this year.
Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.
Justin Sun X postThis new idea, implemented on the TRON blockchain, will first focus on making stablecoin trades possible without using gas. It aims to expand to include more public blockchains that work with EVM soon.
Tron’s Gas-Free Stablecoin Solution
Sun said that the solution would be implemented first on the Tron blockchain. Tron is the second-largest network by total value locked (TVL) after Ethereum. DefiLlama data shows that Ethereum’s TVL is $52.9 billion, and Tron’s is $7.4 billion.
After that, the solution will work with Ethereum and all public chains compatible with EVM. Sun also said that using this technology on multiple networks will make it much easier for big businesses to issue stablecoins, which could take the use of blockchain to a “new level.”
The “gas-free” stablecoin solution is one of many new ideas developed by the Sun and the Tron ecosystem. In February, Tron showed off its Bitcoin layer 2 solution strategy and plans to expand into Ordinals.
This development has far-reaching implications. It has the potential to significantly reduce the barriers to entry for individuals and businesses seeking to engage in stablecoin transactions.
By eliminating the need for users to pay gas tokens, TRON’s gas-free solution could make stablecoin transfers more affordable and accessible, opening up new opportunities for the widespread adoption of cryptocurrencies.
