2024-07-08
On July 6, 2024, Justin Sun, the
founder of Tron, has announced a plan to launch a gas-free stablecoin.
This solution aims to enable
peer-to-peer transfers without the need for gas tokens, making transactions
completely free for users.
Justin Sun only stated that the fees being entirely covered by the
stablecoins themselves. But the exact mechanics of the
stablecoin solution have not been disclosed.
Sun plans to launch the stablecoin on Tron blockchain first, follow by Ethereum and then other EVM blockchains.
Sun believes that gas-free stablecoins
could revolutionize the way companies offer stablecoin services.
By covering the transaction fees with
the stablecoins themselves, he envisions a more accessible and widespread
adoption of blockchain technology.
This development could provide
competition for existing offerings such as PayPal’s PYUSD, which enables
certain US users to make cross-border payments without fees.
Additionally, Circle’s USD Coin on
Ethereum’s layer 2 Base via Coinbase Wallet already allows for free transfers.
