Justin Sun Unveils Plans to Develop a Stablecoin with Transfers Without Gas Fees

The founder of Tron (TRON), Justin Sun, revealed plans to develop a stablecoin with transfers without gas fees. The announcement took place on platform X, on July 6th.

Tron (TRON) founder Justin Sun has announced plans to launch a stablecoin with gasless transfers. The announcement was made on platform X on July 6th. According to Sun, the gas fees will be fully covered by the stablecoins themselves.

“Our team is working on a new solution that will allow gas-free stablecoin transfers. This means that transfers can be made without paying any gas tokens, and the fees will be fully covered by the stablecoins themselves,” he said.

The first launch of the stablecoin will be on the Tron blockchain and will later expand to Ethereum and all blockchains that are compatible with the Ethereum Virtual Machine (EVM), as stated by Sun. The TRON founder also said 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 public EVM-compatible chains,” he said. “We plan to launch this service in the fourth quarter of this year. I believe that such services will make it much easier for large companies to launch stablecoin services on the blockchain, taking the mass adoption of blockchain to a new level,” Sun added.

However, Sun’s announcement did not include any additional technical details on how these gasless transfers will be achieved on the blockchain.

With this new stablecoin in the cryptocurrency market, it will be able to compete with other similar offerings, such as PayPal’s PYUSD.

At the time of writing, the price of TRON was around $0.01293, showing a decrease of 0.2% in the last 24 hours. In the last seven days, the cryptocurrency has seen an appreciation of 3.4%.

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