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Home » Justin Sun Team Developing a New Solution for GasFree Stablecoin Transfers

Justin Sun Team Developing a New Solution for GasFree Stablecoin Transfers

By adminJul. 8, 2024No Comments2 Mins Read
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Justin Sun Team Developing a New Solution for GasFree Stablecoin Transfers
Justin Sun Team Developing a New Solution for GasFree Stablecoin Transfers
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CoinWorld reported:
On July 6th, Justin Sun, the founder of TRON, stated on social media, “Our team is developing a new solution to achieve gas-free stablecoin transfers. In other words, transfers will no longer require any gas tokens, with fees entirely borne by the stablecoin itself. This innovation will first be implemented on the TRON blockchain, followed by support for Ethereum and all EVM-compatible public chains. We expect to launch this service in the fourth quarter of this year, believing such services will significantly facilitate large companies’ deployment of stablecoin services on blockchains, elevating blockchain’s mass adoption to new heights.”


Furthermore, Sun also predicted that TRON will become the world’s first blockchain with over 1 billion addresses.


As a critical infrastructure in the blockchain domain and one of the largest global payment networks, TRON has consistently promoted the widespread adoption of stablecoins. Currently, TRON has established a stablecoin ecosystem led by TRC20-USDT, alongside the development of TRC20-TUSD, TRC20-USDC, USDD, USDJ, as well as offshore RMB stablecoins TCNH and CNH₮. The total market capitalization of stablecoins on the TRON blockchain has reached $60.9 billion, ranking second globally among public chains. TRC20-USDT alone accounts for more than half of the total circulation of USDT and plays a crucial role in emerging markets.
While maintaining leadership in the stablecoin market, TRON’s ecosystem has flourished in recent years due to advantages such as high throughput, scalability, and reliability. As of now, TRON has surpassed 242 million accounts and processed over 7.9 billion transactions, with a total value locked (TVL) exceeding $20.2 billion. It has made significant strides in popular sectors like DeFi, NFTs, the metaverse, GameFi, cross-chain interoperability, DID, AI, and RWA.
With a mission to build a metaverse financial hub, TRON will accelerate the global adoption of blockchain and stablecoins, providing greater convenience for users worldwide.

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