Justin Sun, crypto billionaire and the founder of the Tron blockchain, has taken to the X social media platform (formerly known as Twitter) to make an important announcement about the future of Tron.
Tron aims to reduce stablecoin fees to zero
He announced that Tron development teams are now working on massively reducing fees “to deliver a zero-fee stablecoin transactions experience for users.”
TRON is happy to announce that our development teams are working on drastically reducing fees to deliver a zero-fee stable coin transactions experience for users. Stay tuned!
— H.E. Justin Sun 🍌 (@justinsuntron) January 23, 2025
Several stablecoins run on the Tron chain: USDT, USDC, and the Tron-based True USD (TUSD). The Tron DAO Reserve created USDD (Decentralized USD), and USDJ (JustStable) is an algorithmic stablecoin.
All these stablecoins are already well known for low transaction fees. As for USDT and USDC, these coins can be transferred on Tron much cheaper than on its rival chain Ethereum.
Sun also shared a tweet by CoinGecko revealing that in 2024 it was the Ethereum blockchain that earned the biggest sum in transaction fees. The annual amount of gas fees earned by Vitalik Buterin’s platform constituted $2.48 billion. Tron followed it with $2.15 billion. Bitcoin came third in this race, earning $922.89 million.
#TRX is the way https://t.co/BXqHBOvyw8
— H.E. Justin Sun 🍌 (@justinsuntron) January 22, 2025
Sun breaks silence on Ross Ulbricht’s release
On Wednesday, the Tron founder commented on a tweet by the @Free_Ross X account, which stated: “FREEDOM!!!!” The post contains a photo of Ross Ulbricht walking away from prison in a tracksuit with a rucksack on his back, widely smiling at the camera.
“Freedom is everything,” Justin Sun wrote. The founder of the notorious Silk Road marketplace on the darknet Ross Ulbricht was officially pardoned and freed by President Donald Trump this week. Ulbricht was released after spending more than a decade behind bars on various charges to do with narcotics sales, money laundering, and hacking.
The Silk Road was the first platform to adopt Bitcoin as a means of payment in 2011. It was closed down by the FBI in 2013 and Ulbricht was sent to prison for two lifetime sentences plus 40 years without the opportunity for parole.
The Bitcoin and libertarian communities launched a petition soon after his arrest, requesting the US authorities to free Ulbricht or at least reduce his double lifetime prison term.
On January 22, Sun published a plan to drive the ETH price to $10,000 if he were in charge of Ethereum and the Ethereum Foundation.
