Bijie.com reports:
Justin Sun’s gasless stablecoin plan aims to completely change the way transactions are conducted on Tron. Tron’s stablecoin activity surpasses BSC, demonstrating growth and cost-effectiveness.
Tron founder Justin Sun has created a gasless stablecoin solution, which has sparked conspiracy and discussion within the cryptocurrency community. This is in order to achieve free peer-to-peer stablecoin transfers.
When further discussing the topic, Sun pointed out, “Our team is developing a new solution to enable gasless stablecoin transfers. In other words, transfers will not require any gas tokens and the fees will be fully covered by the stablecoin itself.”
A significant development
Considering Circle’s recent announcement to halt its USDC token on the Tron blockchain, Justin Sun’s move represents a major turning point for the Tron network.
This development aims to completely change Tron’s transactions and address the scalability and efficiency challenges of blockchain.
Sun further elaborated, “This innovation will first be implemented on the Tron blockchain, and later support Ethereum and all EVM-compatible public chains.”
Tron’s stablecoin roots
It is worth noting that Tron’s success is largely driven by the usage of stablecoins on its blockchain.
Recent posts from Artemis indicate a continuous growth in stablecoin-related metrics on the platform, with the recent peak circulating supply reaching $60 billion.
Furthermore, the number of addresses using stablecoins on Tron has reached an all-time high (ATH), surpassing even Binance Smart Chain (BSC), one of the most active blockchains for stablecoins.
Visa’s on-chain analysis further confirms these trends, pointing out that while BSC leads in terms of transaction volume, it found that there are more transactions below $100 and fewer transactions in the $100-1000 range.
In contrast, Tron exhibits a more balanced distribution, with almost equal transaction numbers in the <$100 and $100-1000 ranges. The future of stablecoins? With the plan to launch this service in the fourth quarter, Justin Sun's gasless transaction plan is worth noting. In fact, Uniswap protocol founder Hayden Adams also emphasized the importance of these advancements, stating that this move aims to promote blockchain adoption, making it easier to reap its benefits while reducing transaction costs. Circle CEO Jeremy Allaire further emphasized the rising adoption of stablecoins, saying, "By the end of 2025, stablecoins will become 'legal tender' in almost every place, which will allow them to capture an increasingly larger share of the $100 trillion electronic currency market." However, as of the writing of this article, the monthly trading volume for USDC is $18.23 billion, while USDT's trading volume in July is $12.73 billion. This is a significant decrease compared to June. It has been reported that in June, the trading volume for USDC was $809.46 billion, while USDT reached $171.11 billion.
