Justin Sun announces the launch of fee-free stablecoin transfers on the TRON network

What’s new? Justin Sun, the head of the centralized crypto exchanges (CEXs) HTX and Poloniex, has said that the development team behind the TRON (TRX) blockchain he created is working on a solution that will enable fee-free stablecoin transfers. “In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves,” explained Sun.

Source: X.com

What else is known? The businessman noted that the solution will be initially implemented on the TRON blockchain, and later extended to Ethereum and other public networks compatible with the Ethereum Virtual Machine (EVM).

The launch, according to Sun, is expected in the fourth quarter of this year. He believes that such solutions will make it easier for large companies to adopt blockchain services that support stablecoins, thus taking the mass adoption of blockchain technology to the next level.

Later on, Sun also shared a prediction that TRON will be the first blockchain where the number of addresses will surpass the 1 billion mark.

Source: X.com

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At the end of June, Artemis analysts named TRON the best blockchain in the P2P transfer segment in stablecoins: it is the leader in the number of active wallets, overtaking BNB Chain and Ethereum by a significant margin.

Источник: X.com

Stablecoins in circulation on TRON updated the record at $60 billion. The best app on the blockchain was Tether, the platform that issues the largest USDT stablecoin by capitalization: it accounts for 95% of active addresses among the top 10 most popular apps.

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In addition, the average transaction size on the TRON network ($0,175) is 90% lower than the Bitcoin blockchain and 80% lower than Ethereum.

TRON’s native token (TRX) at the time of writing ranks 12th in the overall cryptocurrency ranking by market capitalization with $10,9 billion and is trading at $0,1252, having lost 3,5% overnight. The weekly drop was 0,5%, with the asset up by 22% in six months.

In March, Sun announced the launch of the Inscriptions marketplace based on TRON from the APENFT team, and in late May, HTX overtook Coinbase in terms of daily spot trading volume, coming in third place after Binance and OKX.