Justin Sun Teases New Tech for “Gas-Free” Stablecoin Transfers

A new solution for “gas-free” stablecoin transfers is on the horizon.

Girl fascinated by stablecoins sitting on USD piggy bank.
Created by Kornelija Poderskytė from DailyCoin
  • Justin Sun has teased a new crypto technology.
  • The innovation targets stablecoin users.
  • The development comes after Sun unveiled Tron’s Bitcoin layer 2 roadmap earlier this year.

Tron founder Justin Sun announced today plans to roll out a solution that will allow users to transfer stablecoins “without paying any gas tokens.”

A stablecoin is a cryptocurrency whose value is pegged or tied to that of another digital asset, commodity, or financial instrument. The Blockchain Council notes that there are almost 200 stablecoins distributed globally, including Tether’s USDT and Circle’s USDC.

A New Solution for Stablecoin Transfers

According to Justin Sun’s X post on July 6, the development team anticipates launching the new solution in Q4 this year.

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“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.” Sun wrote.

Sun said the solution will be first implemented on the Tron blockchain, the second-largest network by total value locked (TVL) ahead of Ethereum, before supporting Ethereum and all EVM-compatible public chains. Tron’s TVL stood at $7.4 billion against Ethereum’s $52.9 billion at the time of writing, DefiLlama data shows.

The Tron founder further noted that the proliferation of the said technology across multiple networks would “greatly facilitate” large companies’ deployment of stablecoins and elevate blockchain mass adoption to a “new level.”

“My prediction: Tron will become the first blockchain in the world to surpass one billion addresses,” Sun claimed in a separate post.

The “gas-free” stablecoin solution is among the several innovations Sun and the bigger Tron ecosystem are working on. In February, Tron unveiled its Bitcoin layer 2 solution roadmap as it sought to branch out to Ordinals.

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Read about Justin Sun’s massive crypto transfer to Binance a few weeks ago:
Justin Sun Shifts $21M in Assorted Cryptos to Binance

Stay updated on how Justin Sun applauded SHIB:
Justin Sun Applauds SHIB, Names Traits of Successful Coins

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.