TRON has partnered with El Dorado to pilot gas-free stablecoin transactions based on USDT for the first time in Latin America. From October 7 to October 30, users can withdraw USDT for free on El Dorado a limited number of times per day through the TRON network.
El Dorado is the leading stablecoin payment application in Latin America, covering more than 70 commonly used payment methods in Latin America, including Zinli, Wally, PayPal, and Zelle. Through this cooperation, users in Latin America can easily obtain USDT and participate in daily transactions. In addition, relying on El Dorado's influence and payment channels in the Latin American market, the TRON version of USDT has also been widely popularized and applied, and the accessibility of the TRON network has been further enhanced.
Gas-free stablecoin transactions greatly reduce the transaction costs of users and bring the large-scale application of blockchain to a new level. In fact, in July this year, Justin Sun, the founder of TRON, revealed relevant information about the gas-free stablecoin transfer plan on social media. He said that the gas-free stablecoin transfer service is expected to be launched in the fourth quarter of this year, initially supporting the TRON network, and then supporting Ethereum and all public chains compatible with EVM.
As an important infrastructure for stablecoins, TRON has many first-mover advantages in launching a gas-free stablecoin transfer solution. First of all, TRON has the largest USDT circulation in the industry. As of now, the circulation of TRON version of USDT exceeds 60 billion, accounting for 51% of the total supply of USDT in the entire network. In addition, relying on the advantages of high throughput, scalability and high reliability of the underlying blockchain, TRON has always provided users with fast, secure and low-cost blockchain services, and the user experience has been continuously optimized.
This cooperation with El Dorado in Latin America is the first trial of TRON's gas-free stablecoin transfer solution. As the solution is gradually implemented and improved, more institutions and platforms will join in. TRON will also continue to promote the widespread application of blockchain technology in the payment field, allowing users in more regions to enjoy the convenience brought by blockchain.
