The founder of Tron blockchain, Justin Sun has announced that his development team is working on a solution to offer zero-stablecoin transactions.
Justin Sun shared this latest announcement on X citing that Tron is now aiming to drastically reduce transaction fees and deliver zero fee transfers for stablecoin. Often cherished for his bold moves, Sun is one of the youngest crypto entrepreneurs with his net worth estimated to be $1.4 billion.
As per DeFillama data , the stablecoin market has now reached to $214 billion and Tron accounting for nearly $60 billion in total share. Tether USDT, which is the largest stablecoin by market cap, has 43.33% of its total supply minted on Tron – the second largest after Ethereum’s 46.9% dominance.
Tron is also among the lowest-fee blockchain networks which emerged as a top alternative blockchain platform while transaction fees on Ethereum were skyrocketing. It is currently the largest blockchain in total stablecoin transaction volume.
Stablecoin Transactions by Blockchain – Source: Visa Onchain Analytics
Onchain data shows that Tron has been dominating total stablecoin transactions volume since April 2023 with processing billions of transfers every day. The introduction of zero-fee stablecoin transfers could significantly boost crypto adoption within the retail payment industry.
