Justin Sun Confirms Development Of Gas-Free Stablecoin Solution đ¨
Tron is working on bringing a new level of convenience to crypto enthusiasts who perform stablecoin transfers. The Layer 1 network is innovating in this regard to extend its leadership in the stablecoin arena.
No Gas Fee For Stablecoin Transfers
Tron founder Justin Sun stated on X that his team is currently working on a new solution that will facilitate the transfer of stablecoins at no additional cost.
Ultimately, this means that no gas fee will be required for such transactions. Instead, the fees will be covered entirely by the stablecoin themselves. Initially, the solution will be made available on the Tron Network. Thereafter, it will be extended to Ethereum and all Ethereum Virtual Machine (EVM)-compatible public chains.
According to Sun, Tronâs plan is to launch the innovative solution by the fourth quarter of this year. He suggested that the presence of similar services will greatly facilitate large companies in deploying stablecoin services on the blockchain. This will in turn elevate blockchain mainstream adoption to a new level. Tron community members are excited about the upcoming solution. One X user described the new solution as a game changer, noting that it would revolutionize the broader crypto landscape.
Similarly, Uniswap founder Hayden Adam released a semi-cryptic statement that suggested a push to eradicate fees. In his X post, he said no user should hear of the term âgas feeâ. This statement reflected Uniswapâs displeasure with gas fees and their impact on user experience.
Plus, this gas fee which is usually incurred for conducting transactions on the Ethereum blockchain, has seen a huge recent surge due to hike in congestion. No wonder the excitement expressed by crypto enthusiasts following Sunâs announcement.
Tronâs Resilience And German Governmentâs Bitcoin Sales
In other Tron news, the network has seen its user base increase significantly since the beginning of this year.
