Justin Sun Announces TRON Teams Development of a GasFree Solution for Stablecoin Transfers
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Justin Sun Announces TRON Teams Development of a GasFree Solution for Stablecoin Transfers

Justin Sun, the cryptocurrency billionaire, has made an exciting announcement regarding the development of a solution for stablecoin transfers that can function without the need for gas fees on the TRON (TRX) network. This new service is expected to be launched later this year, initially on TRON and then expanding to Ethereum (ETH) and other EVM-compatible chains.

According to Sun, the team is currently working on a groundbreaking solution that will allow users to make stablecoin transfers without having to pay any gas tokens. Instead, the fees will be fully covered by the stablecoins themselves. The first implementation of this innovation will be on the Tron blockchain, with plans to extend support to Ethereum and all EVM-compatible public chains.

The anticipated launch of this service is scheduled for the fourth quarter of this year. Sun believes that similar services will greatly benefit large companies in deploying stablecoin services on the blockchain, ultimately driving the mass adoption of blockchain technology to new heights.

Currently, it remains unclear how exactly this new service will be able to operate without gas fees. However, the potential for such a development is significant, especially considering the recent market intelligence report from Lookonchain. According to the report, the 24-hour trading volume of Tether’s USDT on TRON surpassed that of payment giant Visa, with USDT’s volume reaching $53 billion compared to Visa’s average daily trading volume of $42 billion.

As the cryptocurrency industry continues to evolve, innovations like the gas-free stablecoin transfer solution could play a crucial role in shaping its future. It will be interesting to see how this development unfolds and its impact on the broader crypto ecosystem.

Disclaimer: The opinions expressed in this article are not intended as investment advice. Investors are advised to conduct their own research and exercise caution when investing in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are conducted at the individual’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl may receive compensation through affiliate marketing.

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