Crypto billionaire, Justin Sun, is set to introduce a gas-free stablecoin by the end of this year. The founder of Tron, Sun is developing a system that allows peer-to-peer transactions without gas fees, thereby removing transaction costs for users.
Read more: Justin Sun Stable-coins
The specifics of how this will operate remain under wraps, but Sun plans to deploy it on the Tron blockchain in the last quarter, according to his recent update on X.
“Our team is crafting a novel system for stablecoin transfers without any gas fees,” Sun shared in his post. His stablecoin will also support other blockchains following its launch on Tron. Sun aims to extend its use to Ethereum and other blockchains compatible with the Ethereum Virtual Machine.
Sun believes that this innovation could fundamentally change how companies provide stablecoins services. This will be possible by absorbing transaction fees within the stablecoins themselves, promoting broader and easier adoption of blockchain technology.
