⚡️ Tron $TRX is developing a gasless stablecoin.
Justin Sun announced that his team is building a stablecoin solution that will make peer-to-peer transfers free for everyone.
Sun hopes to integrate the stablecoin solution into the Tron blockchain in the fourth quarter, with Ethereum and other networks compatible with the Ethereum virtual machine following soon after.
"Transfers can be made without paying any gas tokens, with commissions fully covered by the stablecoins themselves," Sun explained.
Tron currently leads the stablecoin peer-to-peer transfer market and consistently processes two to three times more volume than second-place Ethereum.
The new solution could compete with PayPal's PYUSD, which allows US users to make cross-border payments for free.