Virell Trade has unveiled the Stabliq Wallet, a non-custodial wallet for stablecoin transactions on Ethereum and TRON.
Virell Trade has announced the launch of the Stabliq Wallet, a non-custodial crypto wallet designed specifically for executing stablecoin transactions on both the Ethereum and TRON blockchains.
Innovative Fee Payment Mechanism
One of the standout features of the Stabliq Wallet is its ability for users to pay network fees using stablecoins, such as USDT and USDC, without the requirement of holding the native cryptocurrency. This function allows users to manage their digital assets seamlessly within a single application.
When setting up a wallet, users are presented with two options for managing transaction fees:
- Gasless: Fees are deducted in stablecoins.
- Standard: Fees are paid using the blockchain's native token.
Currently, this stablecoin payment option is available for transactions on the Ethereum network.
“Traditionally, transferring USDT on Ethereum requires payment in ETH for gas fees. Stabliq Wallet changes this by allowing fees to be deducted in stablecoins, thus eliminating the necessity to hold ETH,” representatives from the project explained.
Additional Features and Security Measures
The wallet also includes features such as multi-account support, the ability to import wallets via seed phrases or private keys, an address book, transaction history tracking, custom token additions, and QR code transfers.
As a non-custodial wallet, Stabliq's model ensures that private keys and seed phrases are stored locally on the user's device, giving them full control over their funds.
Developed by Virell Trade FZ-LLC, which operates in the Ras Al Khaimah Economic Zone in the UAE, the Stabliq Wallet can be downloaded from both the App Store and Google Play.
