Justin Sun, founder of the Tron network and its native cryptocurrency, TRX, has revealed the new initiative they are working on to promote the use of stablecoins as “digital dollars.”

“Our team is developing a new solution that allows gas-free stablecoin transfers,” he said. He said that peer-to-peer ( P2P ) transaction fees will be entirely covered by such crypto assets instead of paying TRX tokens as gas.

However, Justin Sun has not yet clarified how the mechanism will work. He did not say whether it will be applicable to existing stablecoins (such as USDT, the main stablecoin that "lives" on Tron) or whether new stablecoins will be launched that meet this characteristic.

“We anticipate launching this service in the fourth quarter of this year,” Sun said. The innovation will be implemented first on Tron and will later support Ethereum and all Ethereum Virtual Machine (EVM)-compatible networks.

Tron founder expects more such developments in the cryptocurrency industry

For Sun, initiatives like this are crucial for crypto assets to gain greater use . “Similar services will greatly facilitate large companies in implementing stablecoin services on the blockchain, raising mass adoption of blockchain to a new level,” he said.

Tron currently leads the P2P stablecoin transfer market, exceeding Ethereum's volume by two times. This can be seen in the following chart.

P2P stablecoin transfers on major cryptocurrency networks. Source: Artemis.

Tron's dominance is due in part to the fact that it accounts for the largest number of tether (USDT) transactions, which is the main stablecoin in the market with a capitalization of 112 billion dollars (USD).