Tron (TRON) founder Justin Sun has revealed plans to develop a stablecoin with zero gas fees for transfers. The announcement was made on the X platform on July 6. Sun noted that the fees will be fully covered by the stablecoins themselves.

“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 fully covered by the stablecoins themselves,” he said.

According to information shared by Sun, the first launch of the stablecoin will take place on the Tron blockchain and will later expand to Ethereum and all blockchains compatible with the Ethereum Virtual Machine (EVM). The TRON founder also revealed that the service is expected to launch in the fourth quarter of this year.

“This innovation will first be implemented on the Tron blockchain and will later support Ethereum and all EVM-compatible public chains,” he said. “We expect to launch this service in Q4 of this year. I believe that similar services will greatly facilitate large enterprises in deploying stablecoin services on the blockchain, taking the mass adoption of blockchain to a new level,” Sun added.

However, Sun’s announcement did not detail additional technical information related to how these gas-free transfers will occur on the blockchain.

In a development in the cryptocurrency market, the new stablecoin could rival and compete with similar offerings, including PayPal’s PYUSD.

At the time of publication, TRON’s price was trading at $0.1293, down 0.2% over the past 24 hours. Over the past seven days, the cryptocurrency has appreciated by 3.4%.


The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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