Justin Sun, the billionaire behind TRON (TRX), has recently announced the development of a groundbreaking solution for stablecoin transfers that will not require any gas fees on the TRON network. This new service, set to launch later this year, will initially be available on TRON before expanding to Ethereum (ETH) and other EVM-compatible chains.
The innovative solution being developed by Sun’s team will enable gas-free stablecoin transfers, meaning that users can make transfers without having to pay any gas tokens. Instead, the fees will be fully covered by the stablecoins themselves. This game-changing development is expected to greatly benefit large companies looking to deploy stablecoin services on the blockchain, ultimately leading to a higher level of blockchain mass adoption.
While the specifics of how this service will operate without gas fees remain unclear at this time, it is clear that TRON is making significant strides in the cryptocurrency space. In fact, recent data from market intelligence firm Lookonchain has shown that the 24-hour trading volume of Tether’s USDT on TRON reached $53 billion, surpassing the average daily trading volume of payment giant Visa, which stood at $42 billion.
As TRON continues to push the boundaries of what is possible in the world of cryptocurrencies, it is important for investors to exercise caution and conduct thorough research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades in these markets come with their own set of risks, and any losses incurred are the sole responsibility of the individuals involved. The Daily Hodl does not provide investment advice or endorse the buying or selling of any cryptocurrencies or digital assets.
