Justin Sun Reveals Tron's Fee-Free Stablecoin Plan

Tron blockchain founder Justin Sun has announced that his development team is researching a solution to provide transactions without the need for stablecoins. Justin Sun shared this latest announcement on X, stating that Tron is currently aiming to significantly reduce transaction fees and provide free money transfer services for stablecoins. Often admired for his bold moves, Sun is one of the youngest cryptocurrency entrepreneurs with an estimated net worth of $1.4 billion.

According to data from DeFillama, the stablecoin market has reached $214 billion, with Tron accounting for nearly $60 billion of the total market share. Tether USDT, the largest stablecoin by market capitalization, has 43.33% of its total supply minted on Tron - the second largest after Ethereum's dominant 46.9%. Tron is also among the lowest cost blockchain networks to emerge as a leading blockchain platform while transaction fees on Ethereum skyrocket. Currently, it is the largest blockchain in terms of total stablecoin transaction volume.

Onchain data shows that Tron has dominated the total stablecoin transaction volume since April 2024, processing billions of transactions per day. The introduction of feeless stablecoin transfer service could significantly boost the adoption of cryptocurrencies in the retail payment industry.