Virell Trade has launched the Stabliq Wallet, a non-custodial crypto wallet designed for stablecoin transactions on the Ethereum and TRON networks. The app's main feature allows users to pay network fees in stablecoins without needing to hold the native token, as reported by ForkLog representatives.
How Stablecoin Fee Payments Work
Stabliq Wallet supports USDT, USDC, and other tokens, enabling users to store, send, and receive digital assets all within one application.
When creating a wallet, users can choose between two formats:
- Gasless — transaction fees are deducted in stablecoins;
- Standard — fees are paid using the network's native token.
The stablecoin fee payment mode is currently operational on the Ethereum network.
Source: Stabliq Wallet.“To transfer USDT on the Ethereum network, ETH is typically required to pay for gas. Stabliq Wallet eliminates this need: fees are deducted in stablecoins from the user's balance. The integrated token exchange works similarly—there's no need to hold ETH for network fees,” project representatives noted.
Features and Security
The app offers multi-account support, wallet import via seed phrase and private key, an address book, transaction history, custom token addition, and QR code transfers.
Stabliq Wallet operates on a non-custodial model: private keys and seed phrases are stored locally on the device, with only the owner managing the funds.
The application is developed by Virell Trade FZ-LLC, registered in the Ras Al Khaimah Economic Zone (RAKEZ) in the UAE. You can download Stabliq Wallet from the App Store and Google Play.
Previously, the People's Bank of China urged closer monitoring of the impact of stablecoins on the international monetary system and cross-border payments.