The post Tron’s Justin Sun reveals gas-free stablecoin transfer solution development appeared on BitcoinEthereumNews.com.

Tron (TRX) founder Justin Sun has revealed plans for an innovative solution to streamline stablecoin transfers by eliminating gas fees. Making stablecoin transfers easier According to Sun, this upcoming feature will enable users to conduct stablecoin transactions without the burden of additional gas tokens, with fees instead covered by the stablecoins themselves. This marks a significant advancement that will streamline the adoption of stablecoins by large enterprises, eliminating the hurdle of gas fees. 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 Sun highlighted that the innovation would initially roll out on the Tron blockchain, with plans to extend support to Ethereum and all EVM-compatible public chains. He projected the service’s launch in the fourth quarter of this year, stating that similar services will ease large companies’ deployment of stablecoin services on the blockchain. Introducing a gas-free stablecoin transfer solution could fundamentally enhance the user experience. It would remove the necessity to acquire and hold the network’s native token (TRX) to cover transaction costs, thereby reducing the total expenses involved in making stablecoin transfers. We anticipate launching this service in Q4 of this year. I believe that similar services will greatly facilitate large companies in deploying stablecoin services on the blockchain, elevating blockchain mass adoption to a new level. — H.E. Justin Sun 孙宇晨 (@justinsuntron) July 6, 2024 Moreover, the streamlined transaction process, which eliminates the need for users to handle gas fees, is expected to improve the overall usability and accessibility of stablecoins for the average cryptocurrency user. Sun’s initiative has stirred considerable interest within the crypto community, aiming to enhance user experience and promote…

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Filed under: News - @ July 7, 2024 6:08 pm