🔥🔥 Tron to develop gasless stablecoin transfers by Q4: 🪙🪙
✍️According to Tron founder Justin Sun, the mechanism would enable the cost of the transfer to be covered by the stablecoins themselves.
Justin Sun, the founder of Tron, announced on July 6 in a post on X that his team is working on enabling gas-free peer-to-peer (P2P) stablecoin transfers.
In a post on X, Sun noted that this would mean that stablecoin “transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.” Sun, however, did not elaborate on how the gasless mechanism would work.
Sun said that the feature will be implemented on the Tron blockchain first, followed by support for Ethereum and all Ethereum Virtual Machine (EVM) compatible networks. Sun added that his team hopes to launch the feature in the fourth quarter of 2024.
According to Sun, gasless stablecoin transfers could boost mass adoption of stablecoins. He wrote:
“I believe that similar services will greatly facilitate large companies in deploying stablecoin services on the blockchain, elevating blockchain mass adoption to a new level.”
In a post on X on June 27, blockchain analytics firm Artemis noted that Tron has witnessed “consistent growth” across all stablecoin metrics, with its circulating supply recently reaching an all-time-high (ATH) of $60 billion.
📺 io Tokens future
🔥The future of IO Token (IO) looks promising, with various developments and initiatives underway to enhance its ecosystem. Here are some potential future developments:
1. Increased adoption: IO Token may see increased adoption as more users and institutions enter the decentralized finance (DeFi) space.
2. Improved scalability: IO Token's scalability issues may be addressed through upgrades like sharding, off-chain transactions, or layer two solutions.
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