The Tron team is working on a solution for free P2P transfers in stablecoins. This was announced by the founder of the project, Justin Sun.
Our team is developing a new solution that enables gas-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.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 6, 2024"Transfers can be made without paying any gas tokens, while the commissions are fully covered by the stablecoins themselves," Sun explained.
He expects that the mechanism will be implemented in the fourth quarter. After that, on Ethereum and other EVM-compatible networks.
According to the analytical company Artemis, Tron is the leader in activity in stablecoins, surpassing BSC in the number of active wallets, and Ethereum in the volume of coin turnover.
2️⃣ Stablecoins
Part of the TRON's success is stablecoin activity
TRON has seen consistent growth in all stablecoin metrics and recently hit an all-time high in circulating supply at $60bn.
Addresses using stablecoins on TRON is ~ATH and above BSC, the second highest chain. pic.twitter.com/Rvgskwx4tj
According to DeFi Llama, the amount of blocked value in Tron is $7.15 billion. Of the total, $58 million is accounted for by "stable coins".
Recall that Arkham estimated Justin Sun's fortune at $1.04 billion. About a third of the entrepreneur's wealth comes from stablecoins.