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Tron founder Justin Sun has revealed that his team is building a gasless stablecoin solution to make peer-to-peer transfers free for all.

Sun hopes to integrate the stablecoin solution on the Tron blockchainin the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible public chains soon after.

Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves, Sun explained in a July 6 X post.

However, he didnt explain how the mechanism would work.

Sun believes the gas-free stablecoins could be a game-changer for companies looking to offer stablecoin services:

Tron currently leads the peer-to-peer stablecoin transfer market and is consistently processing two to three times the volume of second-placed Ethereum, blockchain analytics firm Artemis highlighted in a June 27 X post.

Tron is home to more than $50 billion of Tethers (USDT) $112 billion in value issued across multiple blockchains, DefiLlama data shows.

Related: Stablecoins to make up 10% of money in the next decade or so: Circle CEO

Trons solution could compete with PayPals PYUSD,which allows certain United States-based users to make cross-border payments for free.

Circles USD Coin (USDC) on Ethereum layer-2 Base via Coinbase Wallet also allows free transfers.

Circle and cryptocurrency exchange Binance recently removed support for USDC on Tron, perhaps providing Tron with an incentive to build a solution of their own.

Tron is also considering building a Bitcoin layer-2 solution that would support a wrapped version of Tether potentially enabling billions of dollars to flow into the Bitcoin ecosystem.

For the time being, Tron is leveraging existing cross-chain protocols to bridge USDT and other tokens between Bitcoin and Tron.

Magazine: The real risks to Ethenas stablecoin model (are not the ones you think)

More:

Tron develops gas-free stablecoin for Ethereum and Tron chains - Cointelegraph