DeFi
Justin Sun Announces Gasless Stablecoin Transfers Coming to Tron This Year – DL News
- Sun says his team is developing gasless stablecoin transfers.
- The service will be deployed this year on Tron, he said.
- Sun does not provide any technical details on how the transfers work.
Justin Sun, founder of Tron, said in a series of messages on X that his team is developing a new solution that will enable gasless transfers of stablecoins.
“In other words,” he said, “transfers can be made without paying gas tokens, with the fees being fully covered by the stablecoins themselves.”
He said the innovation would first be implemented on the Tron blockchain and then later extended to Ethereum and Ethereum Virtual Machine compatible blockchains.
Sun said it plans to launch the service in the fourth quarter.
“I believe similar services will greatly facilitate the deployment of stablecoin services on the blockchain by large enterprises, thereby elevating the mass adoption of blockchain to a new level,” Sun said in the publications.
He did not provide any details on how the gas-free transfers will work.
Sun and its associated companies were sued by the U.S. Securities and Exchange Commission last year, DL News reported.
The regulator alleges that Sun used companies he controlled to orchestrate the offering and sale of unregistered security tokens, marketing them to Americans through celebrity endorsements, airdrops and public appearances.
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Sun, who is Chinese, and the companies say the SEC has no jurisdiction over them and asked the court in March to dismiss the complaint.
The SEC responded in April that it had jurisdiction over the case, given Sun’s considerable time in the United States.