{"id":24519,"date":"2024-07-08T22:00:49","date_gmt":"2024-07-08T19:00:49","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24519"},"modified":"2024-07-08T09:50:15","modified_gmt":"2024-07-08T06:50:15","slug":"justin-sun-plans-fee-free-stablecoin-transfers","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/justin-sun-plans-fee-free-stablecoin-transfers\/","title":{"rendered":"Justin Sun Plans Fee-Free Stablecoin Transfers"},"content":{"rendered":"<p><strong>Justin Sun<\/strong>, the creator of Tron, revealed intentions on X to create a stablecoin users could move back and forth without incurring gas fees. Rather, Sun notes, the stablecoins themselves will &#8220;entirely cover the gas fees.&#8221;<\/p>\n<p><strong>Justin Sun&#8217;s<\/strong> essay claims that the stablecoin would first appear on the Tron blockchain before progressively moving to Ethereum and all blockchains fit for the Ethereum Virtual Machine (EVM).<\/p>\n<p><em>&#8220;We want to start this service in this year&#8217;s Q4. Similar services will, in my opinion, considerably help big businesses implement stablecoin services on the blockchain, thereby raising blockchain mass acceptance to an unprecedented degree.&#8221;<\/em> <strong>Justin Sun&#8217;s<\/strong> <a href=\"https:\/\/x.com\/justinsuntron\/status\/1809579898136326509\">X post stated<\/a>:.<\/p>\n<p><strong>Justin Sun<\/strong> omitted any more technical specifics on the methods of achieving gasless transfers.<\/p>\n<p><span style=\"color: #0000ff\"><em>This Might Interest You: <a style=\"color: #0000ff\" href=\"https:\/\/coinengineer.net\/blog\/german-politician-joana-cotar-urges-halt-to-bitcoin-sales\/\">German Politician Joana Cotar Urges Halt to Bitcoin Sales<\/a><\/em><\/span><\/p>\n<p>The stablecoin might be meant to compete with comparable offers, including PayPal&#8217;s PYUSD, which lets U.S.-based consumers swap the stablecoin for USD and then send cross-border payments worldwide free of charge. But whilst <strong>Justin Sun&#8217;s<\/strong> token, should it be effective, wouldn&#8217;t seem to call for it, the intermediate step calls for swapping out of the stablecoin.<\/p>\n<p>Likewise, USDC transfers done on the Ethereum Layer 2 blockchain Base via Coinbase Wallet are presently free, which has caused a significant rise in the amount of that stablecoin on that network. Once more, Coinbase is probably underfunding the transactions instead of using a natural method whereby the stablecoins themselves cover the fees, as <strong>Justin Sun<\/strong> has detailed.<\/p>\n<p>Both USDC issuer Circle and exchange Binance have stopped supporting Tron, giving <strong>Justin Sun<\/strong> yet another incentive for a successful native stablecoin on the network he created.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Justin Sun, the creator of Tron, revealed intentions on X to create a stablecoin users could move back and forth without incurring gas fees. Rather, Sun notes, the stablecoins themselves will &#8220;entirely cover the gas fees.&#8221; Justin Sun&#8217;s essay claims that the stablecoin would first appear on the Tron blockchain before progressively moving to Ethereum<\/p>\n","protected":false},"author":6,"featured_media":13876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1062,293],"class_list":["post-24519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-justin-sun","tag-tron"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Justin Sun Plans Fee-Free Stablecoin Transfers - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/justin-sun-plans-fee-free-stablecoin-transfers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Justin Sun Plans Fee-Free Stablecoin Transfers - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Justin Sun, the creator of Tron, revealed intentions on X to create a stablecoin users could move back and forth without incurring gas fees. 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