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TRON is developing a solution to make stablecoin transfers completely gas-free, which will extend to Ethereum and EVM chains shortly after. This innovation is expected to transform the blockchain payment experience and likely lead to greater adoption.JOIN CRYPTOS HEADLINES<a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">TELEGRAM CHANNEL</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7d34b275e796459cbdf46793c4c4bb05.svg&#43;xml" />Justin Sun, the creator of TRON, announced that his team is working on enabling gas-free stablecoin transfers in the fourth quarter of 2024.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/481bcb42803842bc888b43dac1ff1698.png" /><h3 id="justin-sun-announces-gas-free-stablecoin-transfers-on-tron">Justin Sun Announces Gas-Free Stablecoin Transfers on TRON</h3>According to Justin Sun, the solution will initially work only on TRON. However, he plans to deploy it on Ethereum and all Ethereum Virtual Machine (EVM)-compatible public networks soon after.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/bfe520d9df2e469dae1b417929746203.png" />Source: <a href="https://x.com/justinsuntron/status/1809579898136326509" rel="noopener noreferrer nofollow">Justin Sun</a>Justin added, “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.”<h3 id="details-on-tron-s-gas-free-stablecoin-transfer-solution">Details on TRON’s Gas-Free Stablecoin Transfer Solution</h3>Justin Sun has not shared many technical details about the gas-free stablecoin transfer solution. Typically, when you make a transaction on <a href="https://cryptosheadlines.com/trons-trx-token-launched-on-ethereum-blockchain-price-surge-12/" rel="noopener noreferrer nofollow">blockchains like TRON or Ethereum</a>, you need to pay gas fees in the blockchain’s native cryptocurrency, such as TRX for TRON or ETH for Ethereum.In the new solution Justin described, instead of paying gas fees with the native token, the fees will be covered by the stablecoins being transferred. For example, if you’re sending USDT, a small portion of it will be used to cover the <a href="https://cryptosheadlines.com/avalanche-users-spend-13-8-million-in-5-days-on-transaction-fees/" rel="noopener noreferrer nofollow">transaction fees</a>.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/481bcb42803842bc888b43dac1ff1698.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3d6067384deb4c758ead2f416bf121d2.webp" />]smart-contracts-functioning / Source: <a href="https://www.softwebsolutions.com/resources/smart-contract-in-blockchain.html" rel="noopener noreferrer nofollow">Softweb Solutions</a>The solution will likely need to include a mechanism to calculate the equivalent amount of stablecoin needed to cover the gas fee, based on the current exchange rate between the stablecoin and the native token.<a href="https://cryptosheadlines.com/bonk-surges-25-will-0-000025-be-next/" rel="noopener noreferrer nofollow">Also Read: BONK Surges 25%: Will $0.000025 Be Next?</a>It is expected that <a href="https://cryptosheadlines.com/stellar-and-certora-enhance-soroban-smart-contract-security/" rel="noopener noreferrer nofollow">smart contracts</a> will manage this process, handling the conversion and payment of fees directly in stablecoins. These smart contracts would act as intermediaries, ensuring that the correct amount of fee (such as 0.00000001 TRX) is deducted and paid to validators or miners.<h3 id="impact-of-tron-s-gas-free-stablecoin-transfer-solution">Impact of TRON’s Gas-Free Stablecoin Transfer Solution</h3>Validators will need to update their software to accept stablecoin payments for transaction processing, which may require fundamental changes to <a href="https://cryptosheadlines.com/circle-ends-usdc-support-on-tron-blockchains-for-risk-management/" rel="noopener noreferrer nofollow">TRON’s blockchain</a> protocol.For the solution to work on Ethereum and EVM-compatible chains, it will need to adapt to different blockchain architectures to ensure compatibility across all platforms.Users will not need to hold separate <a href="https://cryptosheadlines.com/pepe-addresses-peculiar-pepe-token-transactions/" rel="noopener noreferrer nofollow">tokens to make stablecoin transactions</a>, which will simplify the process, especially for those who primarily use stablecoins or pay employees with them.By lowering transaction costs, the solution is expected to enhance the overall experience on these blockchains, making it easier to send and receive stablecoins. This could lead to increased adoption of stablecoins.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6cf420da42f847aeb38b85c8f2aab57e.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

TRON to Launch Gas-Free Stablecoin Transfers in Late 2024

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