Tron and El Dorado Launch Gas-Free USDT Transactions in Latin America

Introducing Gas-Free USDT Transactions: A New Era for Latin America

In an exciting development for cryptocurrency enthusiasts in Latin America, Tron and El Dorado have joined forces to launch gas-free USDT transactions. This pilot program, running from October 7 to October 30, allows users to withdraw USDT from the Tron network to their external wallets without any gas fees, albeit with a limit on the number of free transactions per day.

A Groundbreaking Initiative

El Dorado, recognized as a leading stablecoin trading platform in the region, has played a pivotal role in facilitating over 2.5 million USDT in peer-to-peer transactions. With a vibrant community of more than 270,000 users, this collaboration marks a significant step toward enhancing user experience in cryptocurrency transactions.

Future Plans for Gas-Free Transfers

Back in July, Tron founder Justin Sun announced that the team is actively working on a gas-free transfer solution, designed to make transactions more user-friendly and cost-effective. This innovative solution is expected to launch in the fourth quarter of 2023, with the costs being entirely absorbed by the stablecoin itself.

Expansion Across Multiple Networks

This pilot project will initially take place on the Tron blockchain, with plans for expansion to Ethereum and all EVM-compatible public chains in the near future. This strategy underscores Tron's commitment to improving accessibility and usability within the crypto space.

The Dominance of TRC20-USDT

As of now, the circulating supply of TRC20-USDT has exceeded 61.8 billion tokens, which represents a staggering 51% of the total USDT supply across all networks. This level of adoption highlights the growing popularity of USDT in the cryptocurrency ecosystem.

User Engagement and Transaction Volume

Currently, the number of users engaging with the TRC20-USDT has surpassed 53.65 million, with an impressive 2.037 billion cumulative transactions recorded. These figures establish it as the most widely adopted on-chain stablecoin, demonstrating the immense trust and reliability placed in it by the crypto community.

Conclusion

The collaboration between Tron and El Dorado to offer gas-free USDT transactions is not just a win for users in Latin America, but a significant leap forward for the entire cryptocurrency market. As Tron continues to innovate and push the boundaries of what is possible in crypto transactions, we can expect even greater things on the horizon. Be part of this revolution by participating in the pilot program!