TRON Will Enable Stablecoin Transfers in Q4 2024

Bittime - TRON will begin gas-free stablecoin transfers in Q4 2024, allowing stablecoins to pay transaction fees. This solution is expected to support Ethereum and the EVM network, although it requires validator software updates.

TRON Will Enable Stablecoin Transfers 

According to Justin Sun, creator of TRON, his team is in the process of starting gas-free stablecoin transfers in the fourth quarter of 2024.

His announcement indicates that his solution will initially only work on TRON, but he soon plans to deploy it on Ethereum and all Ethereum Virtual Machine (EVM) compatible public networks.

Check Today's Crypto Market:

Stablecoin Transfers Will Pay Gas Fees

Justin didn't provide much information about the technical solution. When making transactions, such as TRON or Ethereum, it is common to pay gas fees to offset the computing energy required to process and validate the transaction.

In most cases, gas fees are paid in the blockchain's native crypto asset, such as TRX for TRON and ETH for Ethereum. The transferred stablecoin will pay gas fees instead of the original token. This means that a small portion of USDT will automatically be used to cover transaction costs if you send it.

Also Read How To Buy Crypto:

To Make Stablecoin Payments Validators Must Update Software

Now, if they want to accept stablecoin payments for transaction processing, these validators will have to update their software. This may involve changes at a fundamental level of the TRON blockchain protocol. The solution must be adapted to various blockchain architectures in order to support Ethereum and EVM compatible chains.

Check Crypto Prices Today:

Conclusion

In the fourth quarter of 2024, TRON begins stablecoin transfers, marking progress in the blockchain ecosystem. The solution announced by Justin Sun will allow stablecoins to pay transaction gas fees instead of using native tokens such as TRX or ETH. While the technical details have not been fully disclosed, this solution could streamline transaction processes and drive stablecoin adoption across many Ethereum Virtual Machine (EVM)-compatible public networks.

However, this implementation requires validators to update their software, which represents a major change to the TRON blockchain protocol and others. This move shows TRON's commitment to innovation and flexibility in the blockchain ecosystem, and may have a positive impact on efficiency and transaction costs in the future.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.