Justin Sun: Q4 will launch a gas-free stablecoin transfer solution! Be the first to support TRON chain

This site (120btC.coM): Stablecoins have now become an important part of the cryptocurrency market, but users often need to pay additional gas fees when transferring stablecoins, which causes a lot of trouble. Market founder Justin Sun announced on Twitter on the 6th that his team is developing a new solution to achieve gas-free stablecoin transfers.

This means that when performing stablecoin transfers, users will not need to pay any Gas fees, and the fees will be fully borne by the stablecoin itself. Justin Sun said: This innovation will be first implemented on the Tron blockchain, and will subsequently support Ethereum and All EVM compatible public chains. We expect to launch this service in the fourth quarter of this year, and I believe that similar services will greatly make it easier for large companies to deploy stablecoin services on the blockchain, taking blockchain mass adoption to the next level.

Artemis, a cryptocurrency data analysis platform, released data at the end of last month pointing out that Tron currently ranks first in the P2P stablecoin transfer market, and the amount of P2P stablecoin transfers on Tron is always on Ethereum. 2-3 times, which shows that TRON facilitates more stablecoin payment and transfer activities.

Fee cross-border payment competition

DeFiLlama data shows that the current total market value of stablecoins has reached more than 160 billion US dollars, of which the leading stablecoin USDT has issued a total of 112 billion USDT on multiple chains, and as high as 58 billion USDT It was issued on TRON, highlighting the importance of the TRON chain in the stablecoin field.

Cointelegraph reported that if Tron launches a GAS fee-free stablecoin transfer solution in the future, it will be expected to compete with other free stablecoin transfer services. PayPal’s stablecoin PYUSD currently allows some users in the United States to make cross-border P2P payments for free. In addition, it is currently free to transfer USDC on Base through Coinbase Wallet.

Binance stopped supporting USDC deposits and withdrawals on the Tron chain in April this year, which may provide impetus for Tron to build its own solution.

In February this year, Tron also announced the upcoming launch of the Bitcoin Layer 2 solution and roadmap, which aims to integrate various tokens in the Tron network, including stablecoins, with the Bitcoin network and in a decentralized manner. The Layer 2 built by it is closely connected through various combinations, directly connecting TRON to Bitcoin.

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