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Tron blockchain developers create a gas-free stablecoin

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08.08.2024

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Our team of experts is developing a new solution that allows us to realize the concept of gas-free transfers of stablecoins. In other words, the coins can be sent without spending the tokens used to pay for gas. The commission will be fully covered by the stablecoins themselves," Sun stated.

Thanks to this innovation, owners of cryptocurrencies with a stable exchange rate will not need to keep, for example, Ethereum (ETH) to pay the transfer fee for Tether (USDT). Thus, the network validators will start to retain stablecoins as remuneration. According to Justin, this will simplify the process of integrating stablecoins into the digital platforms of large companies.
Sun plans to issue gas-free stablecoins in the fourth quarter of 2024. These digital assets will first appear on the Tron network, and then they will be created on the Ethereum blockchain and compatible cryptocurrency networks.

Right now, Tron leads the blockchain in terms of the volume of peer-to-peer transfers made in stablecoins, exceeding $12.5 billion, apparently in a day. According to this indicator, Tron is two to three times ahead of its nearest competitor Ethereum network. Therefore, high demand is expected for gas-free stablecoins.

Amount of peer-to-peer transactions in steblecoins in different networks