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Home Blockchain

Justin Sun’s Tron eyes wider market influence with ‘zero-fee’ stablecoin framework

by wireopedia memeber
January 23, 2025
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
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Justin Sun’s Tron eyes wider market influence with ‘zero-fee’ stablecoin framework
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Tron founder Justin Sun has outlined ambitious plans to revolutionize stablecoin transactions by eliminating fees.

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According to a Jan. 23 statement on X, Tron’s development team is creating a framework that would enable zero-cost transactions for stablecoins, aiming to boost the adoption of these assets.

Sun previously announced similar plans in 2024 when he proposed launching a gas-free stablecoin system. At the time, the Tron founder explained that the initiative seeks to make stablecoin transfers seamless and cost-effective by having the stablecoins themselves absorb transaction costs, removing the need for users to pay fees.

While the solution will initially launch on Tron’s network, Sun revealed plans to expand its availability to Ethereum and other Ethereum Virtual Machine (EVM)-compatible chains.

However, that initiative failed to materialize, making this the latest effort to deliver on the promise of fee-free transactions.

Tron’s stablecoin ecosystem

Over the past years, Tron has solidified its position as a leading blockchain for stablecoin transactions.

The blockchain network controls approximately 36% of the market share, second only to Ethereum. Tether’s USDT dominates within Tron’s ecosystem, representing 98% of its roughly $60 billion stablecoin supply.

According to Coingecko data, this dominance translated into a healthy revenue of $2.15 billion for the blockchain network last year.

Additional data from Messari showed that USDT’s average daily transfer volume on TRON grew by 28.18% to $18.43 billion during the fourth quarter of last year.

However, Tron’s DeFi activity presented mixed results. While the total value locked (TVL) decreased by 6.2%, daily trading volumes on decentralized exchanges (DEXs) jumped 135%, driven by the popularity of the SUN V3 protocol, which accounted for nearly 79% of the activity.

Sun expressed confidence in further growth for 2025, citing Tron’s partnership with World Liberty Financial, which is linked to US President Donald Trump.

Notably, TRON DAO has invested around $75 million into the project, which aims to drive crypto adoption in the US. Meanwhile, the initiative has also acquired significant holdings of TRON’s native TRX token, signaling their symbiotic relationship.

The post Justin Sun’s Tron eyes wider market influence with ‘zero-fee’ stablecoin framework appeared first on CryptoSlate.

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