- Justin Sun shares an X post introducing a new stablecoin solution for peer-to-peer stablecoin transfers.
- The new system would enable gas-free stablecoin transactions, with the fees covered by the stablecoins themselves.
- The stablecoin solution will be initially launched on Tron, followed by Ethereum and EVM-compatible public chains.
Justin Sun’s Tron blockchain is introducing an innovative solution for peer-to-peer stablecoin transfers, with their fees entirely covered by the stablecoins themselves. In simple terms, Sun explained it as the launch of “gas-free stablecoin transfers.”
The platform anticipates to launch this stablecoin service in the fourth quarter of 2024. Initially, the new stablecoin solution would be made available on the Tron Network. Subsequently, the innovation would be extended to Ethereum and all Ethereum Virtual Machine (EVM)-compatible public chains.
In his X post, Sun shared his optimistic views of the stablecoin program, which is expected to be a game-changer to large companies. He cited, “I believe that similar services will greatly facilitate large companies in deploying stablecoin services on the blockchain, elevating blockchain mass adoption to a new level.”
This announcement comes on the heels of a recent Artemis analysis that found Tron leading the P2P transfers. Artemis, an analytics platform, unveiled Tron’s significant P2P transfers, which are about 2-3 times higher than that of Ethereum.
In addition, Artemis highlighted Tron’s active addresses and stablecoin activities. Emphasising the significant role played by stablecoins in the growth of the Tron ecosystem, Artemis cited,
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.
Another crucial aspect spotted by Artemis is Tron’s active address, accounting for an average of 2.1 million DAA per day. Adding intrigue to the context, the analytics platform identified that the number of active users has been increasing since the start of 2024.
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