Justin Sun, the visionary founder of Tron, has announced an ambitious endeavor to develop a gasless stablecoin solution, designed to facilitate cost-free peer-to-peer transfers.

Sun envisions launching this revolutionary stablecoin on the Tron blockchain by the fourth quarter of this year, with subsequent expansions to Ethereum and other Ethereum Virtual Machine-compatible chains soon thereafter. “Transactions will be executed without incurring any gas fees, as these costs will be inherently absorbed by the stablecoins themselves,” Sun elucidated in a post on X dated July 6.

Nevertheless, he refrained from disclosing the operational specifics of this mechanism.

Sun is confident that these gas-free stablecoins could be transformative for enterprises aiming to implement stablecoin services:

“I believe such innovations will significantly ease the deployment of stablecoin services for large corporations, propelling blockchain adoption to unprecedented heights.”

Tron is currently at the forefront of the peer-to-peer stablecoin transfer market, consistently handling transaction volumes two to three times greater than those of Ethereum, as highlighted by blockchain analytics firm Artemis in a June 27 X post.

Tron’s groundbreaking solution stands poised to rival PayPal’s PYUSD, which offers certain U.S.-based users the ability to make cross-border payments without fees.

Circle’s USD Coin (USDC) on Ethereum layer-2 Base via Coinbase Wallet also facilitates free transfers.

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Interestingly, Circle and cryptocurrency exchange Binance have recently discontinued support for USDC on Tron, possibly motivating Tron to devise its own proprietary solution.

Moreover, Tron is contemplating the development of a Bitcoin layer-2 solution to support a “wrapped” version of Tether, potentially channeling billions of dollars into the Bitcoin ecosystem.

For now, Tron is utilizing existing cross-chain protocols to bridge USDT and other tokens between Bitcoin and Tron.