Justin Sun: Tron to Issue Native Stablecoin, Users Can Transfer Without Paying Gas Fees

Tron founder Justin Sun announced on X over the weekend that his team is developing a stablecoin that allows users to transfer funds without paying gas fees.

Tron to Issue Native Stablecoin

Justin Sun announced that the stablecoin will be launched on the Tron blockchain in the fourth quarter, allowing users to transfer without paying gas fees, with other EVM-compatible blockchains and Ethereum to follow suit.

We expect to launch this service in the fourth quarter of this year. I believe similar services will significantly promote the deployment of stablecoin services by large companies on the blockchain, taking blockchain mass adoption to a new level.

However, Justin did not disclose any technical details.

Challenges in the Stablecoin Market

There have been many changes in the stablecoin market recently. With the formal implementation of the MiCA regulations, Circle became the first MiCA-compliant stablecoin issuing institution, officially opening its USDC and EURC services to European commercial clients. The MiCA regulations stipulate that only electronic money institutions (EMIs) and credit institutions can issue stablecoins.

Circle announced plans to stop supporting its US dollar stablecoin USDC on the TRON blockchain as early as 2/21 to ensure USDC maintains a transparent, trusted, and secure digital dollar status. Binance also began to cease support for deposits and withdrawals on the Tron blockchain in April.

Will USDT lose a large market share? The EU's MiCA stablecoin new regulations are about to take effect: How will Binance ensure compliance?

In addition to major stablecoin issuers moving towards compliance, the market has also seen new types of stablecoins, such as the gold-backed stablecoin aUSD₮ launched by Arthur Hayes without relying on traditional financial institutions, and Paxos issuing interest-bearing stablecoin USDL, with reserve profits automatically allocated to wallets daily. Each issuer is pulling out all the stops to secure a place in the stablecoin market.

As Tron blockchain founded by Justin Sun is forced to take a different path due to the exit of USDC, will it issue its own stablecoin, and what is the principle behind its stablecoin? Let's wait and see!