On January 23, 2025, Tron founder Justin Sun announced plans to revolutionize stablecoin transactions by eliminating fees. The development team is creating a framework for zero-cost transactions, targeting increased adoption of stablecoins.
Previously, in 2024, Sun proposed a gas-free stablecoin system, where transaction costs would be absorbed by the stablecoins, thus removing fees for users. Initially launching on Tron's network, there are plans to extend this to Ethereum and other EVM-compatible chains.
Tron currently holds approximately 36% of the stablecoin market share, second only to Ethereum. Tether's USDT dominates this ecosystem, representing 98% of Tron's $60 billion stablecoin supply, contributing to a revenue of $2.15 billion last year.
Recent data from Messari indicates that USDT's average daily transfer volume on TRON rose by 28.18% to $18.43 billion in Q4 2024. Despite a 6.2% decrease in total value locked (TVL) in DeFi, daily trading volumes on decentralized exchanges surged by 135%, largely due to the SUN V3 protocol, which accounted for nearly 79% of the activity.
Sun remains optimistic about growth in 2025, bolstered by Tron's partnership with World Liberty Financial, linked to former US President Donald Trump. TRON DAO has invested around $75 million into this project, further enhancing their relationship with the TRX token.