Connect with us

Hi, what are you looking for?

Tron
Tron
#image_title

Cryptocurrency

Tron to announce commission-free USDT transfers in response to growing gas prices

Tron is about to introduce a new gas-free feature for USDT transactions, therefore removing the requirement for TRX payments. Rising transaction costs have prompted Tron, one of the most expensive networks for stablecoin transactions, to change. The improvement is supposed to increase platform accessibility and draw more users.

Tron is getting ready to introduce a new function allowing Tether’s USDT transactions to be handled without using TRX for gas costs. The founder of Tron made the news and said the update is scheduled to arrive in the next week.

Originally well-known for its cheap USDT transactions, Tron has since been among the most expensive networks for stablecoin transfers. According to reports, Tron network gas fees have increased dramatically, generally surpassing those of rival blockchains. According to data, present TRC-20 USDT transaction prices fall between $3.20 and $6.50; Ethereum’s ERC-20 USDT rates are far lower, hovering around $0.40.

Users have been more worried about the rising transaction expenses, which is why Tron created a gas-free substitute. The forthcoming upgrade will let USDT holders finish transfers without requiring more TRX, therefore streamlining and reducing costs of transactions. Aiming to rebuild its reputation as a reasonably priced and user-friendly network for stablecoin transactions, the Tron Foundation has been working on this endeavor since mid-2024.

Users should expect Tron’s switch to a gas-free model to offer a more seamless experience, so maybe increasing adoption. Particularly for companies and people making regular transactions, industry analysts think this change might be a major step toward increasing blockchain usability.

Developers and wallet providers interested in including the gas-free capability are urged to work with JustLend DAO, the official lending platform on Tron, as the launch date gets near. This project might enable Tron to attract more users back to its ecosystem and recover its competitive edge in the stablecoin industry.

With the blockchain sector constantly changing, Tron’s decision to remove gas costs could set a standard for other networks trying to improve transaction speed and user interface.

author avatar
Sagar Saini
A dedicated freelance blogger with a strong passion for finance and business, With a keen interest in the world of cryptocurrency.
Advertisement

You May Also Like

Cryptocurrency

Nasdaq has applied to the U.S. Securities and Exchange Commission (SEC) to list the Canary HBAR ETF, therefore providing investors with controlled access to...

Cryptocurrency

Officially beginning the Grayscale Cardano (ADA) exchange-traded fund (ETF) review process is the U.S. Securities and Exchange Commission (SEC.). If the U.S. Securities and...

Cryptocurrency

Over two weeks, Bitcoin ETFs in the US have seen a record $1.14 billion in outflows as investors respond to continuous trade conflicts between...

Cryptocurrency

Deciding not to pursue any enforcement action, the U.S. Securities and Exchange Commission (SEC) formally terminated its probe of Robinhood Crypto. The ruling results...

polkadot
Polkadot (DOT) $ 4.71 7.40%
bitcoin
Bitcoin (BTC) $ 85,922.02 2.78%
ethereum
Ethereum (ETH) $ 2,383.01 0.71%
cardano
Cardano (ADA) $ 0.66229 2.13%
xrp
XRP (XRP) $ 2.21 0.36%
stellar
Stellar (XLM) $ 0.287543 3.26%
litecoin
Litecoin (LTC) $ 122.99 11.36%