Justin Sun, the cryptocurrency billionaire, has made an exciting announcement regarding the development of a solution that will allow stablecoin transfers without gas fees on the TRON (TRX) network. This groundbreaking service is expected to launch later this year, initially on TRON, before expanding to Ethereum (ETH) and other EVM-compatible chains.

According to Sun, his team is currently working on a solution that will enable gas-free stablecoin transfers. This means that users will be able to make transfers without having to pay for gas tokens, as the fees will be completely covered by the stablecoins themselves. The first implementation of this innovation will be on the Tron blockchain, with plans to support Ethereum and all EVM-compatible public chains in the future.

Sun is confident that this service will greatly benefit large companies looking to deploy stablecoin services on the blockchain. He believes that it will elevate blockchain mass adoption to a whole new level. The exact details of how the service will operate without gas fees are still unclear at this time.

In a recent report, market intelligence firm Lookonchain highlighted the impressive 24-hour trading volume of Tether’s USDT on TRON, which stood at $53 billion. This figure surpassed the average daily trading volume of payment giant Visa, which was only at $42 billion. The report also mentioned that Visa’s trading volume in Q1 2024 was $3.78 trillion, with an average daily trading volume of $42 billion.

It is important to note that the opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and it is not an investment advisor.