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Justin Sun announced the launch of commission-free steilbcoin transfers on the TRON network

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09.07.2024

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"In other words, transfers can be made without paying fees in tokens, the costs will be covered directly by the stable coins themselves," Sun explained.

The businessman noted that the solution will be initially implemented on the TRON blockchain, and later extended to Ethereum and other public networks compatible with the Ethereum Virtual Machine (EVM).

The launch, according to San, is expected in the fourth quarter of this year. He believes that such solutions will make it easier for large companies to adopt blockchain services that support stablecoins, thus taking the mass adoption of blockchain technology to the next level.

Later on, Sun also shared a prediction that TRON will be the first blockchain where the number of addresses will surpass the 1 billion mark.

In addition, the average transaction size on the TRON network ($0.175) is 90% lower than the Bitcoin blockchain and 80% lower than Ethereum.

TRON's native token (TRX) at the time of writing ranks 12th in the overall cryptocurrency ranking by market capitalization at $10.9 billion and is trading at $0.1252, having lost 3.5% overnight. The weekly drop was 0.5%, with the asset up 22% in six months.

In March, Sun announced the launch of Inscriptions, a TRON-based marketplace from the APENFT team, and in late May, HTX overtook Coinbase in daily spot trading volume, which turned out to be the largest in the world.