According to Odaily Planet Daily, TRON and El Dorado have reached a cooperation to pilot USDT-based gas-free stablecoin transactions in Latin America. From October 7 to October 30, users can withdraw USDT from the TRON network to external wallets for free a limited number of times per day through the El Dorado platform.

El Dorado is the leading stablecoin trading platform in Latin America, supporting more than 2.5 million USDT in peer-to-peer transactions and serving a community of more than 270,000 people.

In July this year, Justin Sun, founder of TRON, announced that the team is developing a transfer solution without gas fees, which is expected to be launched in the fourth quarter of this year, and the fees will be borne entirely by the stablecoin itself. This innovation will first be implemented on the TRON blockchain, and then support Ethereum and all public chains compatible with EVM.

As of now, the circulation of TRC20-USDT exceeds 61.8 billion, accounting for 51% of the total supply of USDT in the entire network. The number of users exceeds 53.65 million, and the cumulative number of transfers exceeds 2.037 billion. It is currently the most popular on-chain stablecoin.