The TRON team is developing a solution for fee-free P2P stablecoin transfers, as announced by the project’s founder, Justin Sun.
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.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 6, 2024
“Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves,” Sun explained.
He anticipates the mechanism will be implemented in the fourth quarter, followed by Ethereum and other EVM-compatible networks.
According to the analytics firm Artemis, TRON leads in stablecoin activity, surpassing BSC in the number of active wallets and Ethereum in coin turnover volume.
2️⃣ Stablecoins
Part of the TRON’s success is stablecoin activity
TRON has seen consistent growth in all stablecoin metrics and recently hit an all-time high in circulating supply at $60bn.
Addresses using stablecoins on TRON is ~ATH and above BSC, the second highest chain. pic.twitter.com/Rvgskwx4tj
— Artemis (@artemis__xyz) June 27, 2024
According to DeFi Llama, the total value locked in TRON is $7.15 billion, with $58 million attributed to “stablecoins.”
Earlier, Arkham estimated Justin Sun’s wealth at $1.04 billion, with approximately a third of the entrepreneur’s fortune in stablecoins.