Tron (TRX) founder Justin Sun, who has made a name for himself with his transactions and critical moves in the cryptocurrency market, announced his new project.
At this point, Justin Sun announced that the Tron team plans to develop a system where users can transfer stablecoins without paying gas fees.
In his statement, Sun stated that the gas fees paid for transactions will be covered entirely by the stablecoins themselves.
As a result, this means no gas fees will be required for stablecoin transfers. Instead, the fees will be covered entirely by the stablecoin.
Accordingly, the stablecoin to be developed will be launched on the Tron blockchain in the 4th quarter and will later be expanded to all blockchains compatible with Ethereum (ETH) and Ethereum Virtual Machine (EVM).
“Our team is developing a new solution that allows stablecoin transfers without paying gas fees. In other words, transfers can be made without paying any gas tokens and the fees are fully covered by the stablecoins.
We anticipate launching this service in the 4th quarter of this year.
I believe that similar services will make it greatly easier for large companies to deploy stablecoin services on blockchain and take blockchain mass adoption to a new level.
“This innovation will be first implemented on the Tron blockchain and will later support all Ethereum and EVM compatible public chains.”
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.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 6, 2024
*This is not investment advice.
