Tron founder Justin Sun has announced a groundbreaking development: a gasless stablecoin solution aimed at making peer-to-peer transfers entirely free. This innovative move is expected to be integrated into the Tron blockchain by the fourth quarter, with plans to extend the service to Ethereum and other Ethereum Virtual Machine-compatible chains soon after.
Sun revealed the ambitious plan on July 6 via X, stating, “Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.” Despite the announcement, details on the operational mechanism remain undisclosed.
This gas-free stablecoin solution is poised to be a game-changer for businesses offering stablecoin services. Sun emphasized its potential, saying, “I believe that similar services will greatly facilitate large companies in deploying stablecoin services on the blockchain, elevating blockchain mass adoption to a new level.”
Currently, Tron dominates the peer-to-peer stablecoin transfer market, consistently processing two to three times the volume of Ethereum, as highlighted by blockchain analytics firm Artemis in a recent post. Tron is home to over $50 billion of Tether’s $112 billion in value issued across multiple blockchains, according to DefiLlama data.
Tron’s gasless stablecoin could potentially rival PayPal’s PYUSD, which offers free cross-border payments for select U.S.-based users, and Circle’s USD Coin on Ethereum layer-2 Base via Coinbase Wallet, which also allows free transfers. This move comes on the heels of Circle and Binance removing support for USDC on Tron, possibly prompting Tron to innovate their solution.
Looking ahead, Tron is also exploring the development of a Bitcoin layer-2 solution that would support a “wrapped” version of Tether, potentially channeling billions of dollars into the Bitcoin ecosystem. Meanwhile, Tron continues to leverage existing cross-chain protocols to bridge USDT and other tokens between Bitcoin and Tron.
Tron’s gas-free stablecoin initiative marks a significant step forward in blockchain technology, potentially transforming the landscape of stablecoin transfers and driving broader blockchain adoption.
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