Virell Trade launches Stabliq Wallet: a non-custodial wallet with fee payment in stablecoins on Ethereum and TRON
The Virell Trade team has introduced Stabliq Wallet, a non-custodial crypto wallet designed for working with stablecoins. The solution supports Ethereum and TRON networks, and its key feature is the ability to pay network fees (gas) directly with stablecoins, without needing to hold the blockchain's native token. This is a significant step towards simplifying the user experience for holders of USDT, USDC, and other stablecoins.
How the Gasless Mechanism Works
At the core of Stabliq Wallet is a flexible approach to managing transaction costs. When creating a wallet, the user can choose one of two modes:
- Gasless — the fee for each transaction is automatically deducted in stablecoins from the user's balance;
- Standard — gas is paid with the network's native token (e.g., ETH for Ethereum or TRX for TRON).
Currently, the stablecoin fee payment function is only active on the Ethereum network. As the developers explain, transferring USDT on the Ethereum network usually requires ETH to cover gas, but Stabliq Wallet completely eliminates this need: the fee is deducted directly in stablecoins. The same principle applies to the built-in token exchange — holding ETH to pay network fees is no longer necessary.
Functionality and Security
In addition to the key "gas" innovation, the wallet offers a full set of modern tools: support for multiple accounts, wallet import via seed phrase or private key, an address book, detailed transaction history, the ability to add custom tokens, and QR code transfers. Stabliq Wallet operates on a non-custodial model: private keys and seed phrases are stored exclusively on the user's device, ensuring complete control over funds.
The development is handled by Virell Trade FZ-LLC, registered in the Ras Al Khaimah (RAKEZ) free economic zone in the UAE. The app is already available for download on the App Store and Google Play.
Cryptalist Analysis: The launch of Stabliq Wallet is a timely response to the growing need for convenient tools for working with stablecoins. The ability to pay gas without needing to hold ETH or TRX significantly lowers the entry barrier for new users and simplifies daily transactions. However, it is worth noting that this feature is currently limited to the Ethereum network, which may be a temporary constraint. In the long term, if Virell Trade expands support to TRON and other popular networks, the product could carve out a notable niche in the non-custodial wallet segment, especially amid increasing regulatory attention to stablecoins from global financial institutions.