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What is USDJ (USDJ)?

USDJ basic info

Name:USDJ
Ticker:
Introduction:

What Is USDJ (USDJ)?

The whitepaper outlines USDJ as a stablecoin that is pegged to the US dollar and backed by collateral assets. Decentralized smart contracts on the TRON network enable anyone to pledge TRX as collateral to generate USDJ. Collateralized Debt Positions (CDPs) help maintain the USD peg, while autonomous feedback mechanisms ensure stability. The goal is for USDJ to become a key component of the DeFi ecosystem on TRON. USDJ is one of the offerings in the JUST DeFi ecosystem, which includes JustStable and the JustLend DAO.

Who Are the Founders of USDJ?

USDJ is a product that's part of the JUST network ecosystem. The talented team behind it comes from companies like Alibaba, Tencent, and IBM and are part of the JUST Foundation.

How Does USDJ Work?

USDJ is part of the JUST network ecosystem. Generating USDJ involves depositing collateral assets into Collateralized Debt Positions (CDP). To start the process, users need to convert TRX to PTRX, and then create a CDP by sending a transaction to JUST. Next, they deposit the PTRX into the same CDP through another transaction. When a user sends a transaction to create USDJ, an equal amount of debt is generated, and the collateral assets are locked up until repayment. This means that the assets are not available for redemption. USDJ has a price stability mechanism in place as well. It is initially pegged 1-to-1 to the US dollar, and a Target Rate Feedback Mechanism (TRFM) is deployed during times of market instability to maintain its denomination.

What Makes USDJ Unique?

In case the USDJ price from Oracles diverges from the actual US Dollar rate, JST token holders can implement a global settlement mechanism to mitigate any potential risks or damages. This process involves three steps:

First, the global settlement mechanism activates, after which CDP holders are unable to create or modify their positions. Meanwhile, the price feed is kept at a fixed value to process all user claims accurately and promptly.

Second, Keepers in the JUST system utilize a price feed to auction off all debt and collateral assets in a decentralized manner, granting settlement for USDJ and CDP holders' claims.

Finally, all USDJ and CDP holders can file a claim petition on JUST to exchange their USDJ or CDPs for a fixed quantity of TRX, depending on the Target Price of USDJ. There is no set deadline for when users must take this step.

The USDJ stablecoin system has a comprehensive risk-management program. JST holders who are part of the JUST governance system fully control the key decisions to regulate risks in the entire ecosystem. These steps include modifying sensitivity parameters through the Target Rate Feedback Mechanism (TRFM), modifying the Target Rate, choosing trusted oracles, and other security mechanisms outlined in the official whitepaper.

How Is the USDJ Network Secured?

USDJ is a TRC-20 token that operates on the Tron blockchain, which is secured by a delegated-proof-of-stake (DPoS) consensus mechanism. This mechanism utilizes a network of 27 super representatives (SRs) to verify transactions and package them into blocks. These Super Representatives are democratically elected through an open election process, ensuring a fair and transparent governance system.

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Current price:
All-time high:$1.73
All-time low:$0.7784

USDJ supply and tokenomics

Circulating supply:129,304,450 USDJ
Total supply:129,304,447.46 USDJ
Max supply:0 USDJ
Market cap:$146.30M
Fully diluted market cap:$146.30M

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What is the development prospect and future value of USDJ?

The market value of USDJ currently stands at $146.30M, and its market ranking is #301. The value of USDJ is not widely recognized by the market. When the bull market comes, the market value of USDJ may have great growth potential.

As a new type of currency with innovative technology and unique use cases, USDJ has broad market potential and significant room for development. The distinctiveness and appeal of USDJ may attract the interest of specific groups, thereby driving up its market value.

What will the price of USDJ be in 2025?
Based on USDJ's historical price performance prediction model, the price of USDJ is projected to reach $1.59 in 2025.
What will the price of USDJ be in 2030?
In 2030, the USDJ price is expected to change by -1.00%. By the end of 2030, the USDJ price is projected to reach $3.2, with a cumulative ROI of +186.46%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of USDJ and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is USDJ worth investing or holding? How to buy USDJ from a crypto exchange?

If you want to buy USDJ, the following information may be helpful for your investment decisions:
In the last 7 days, the price of USDJ has fallen by -1.03%, leading to negative returns for most USDJ investors. The market is currently pessimistic about the price trend of USDJ.
It is important to note that the current price of USDJ has retreated by -34.47% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether USDJ is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in USDJ or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of USDJ, if you want to buy or sell USDJ, you can consider Bitget for your trading needs. The best place to buy USDJ is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in USDJ has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy USDJ. Here's a step-by-step guide on how to buy USDJ on Bitget.

How to get USDJ through other methods?

Using cash to buy USDJ is not the only way to obtain USDJ. If you have the time to spare, you can get USDJ for free.
Learn how to earn USDJ for free through the Learn2Earn promotion.
Earn free USDJ by inviting friends to join Bitget's Assist2Earn promotion.
Receive free USDJ airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to USDJ through Bitget Convert, Bitget Swap, or spot trading.

What is USDJ used for and how to use USDJ?

The use case of USDJ may expand as the crypto market and the project itself develop. Currently, you can use USDJ to achieve the following goals:
Arbitrage by trading USDJ: Since USDJ is a frequently traded cryptocurrency, the price of USDJ is always fluctuating. Earn more USDJ by buying low and selling high on the exchange. Bitget spot market provides a variety of USDJ trading pairs to fully meet your needs.
Earn by staking USDJ: You can also generate income through financial management methods such as staking USDJ or lending USDJ. Bitget Earn offers a variety of financial products designed to help you earn more income from your USDJ.
Send or pay USDJ: If you want to give USDJ to your friends, a charity, or a fundraiser, or you want to pay someone with USDJ, you can quickly and easily send USDJ to the recipient through their payment address.
You can also go to the official website of the USDJ project to learn more about the use cases of USDJ. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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USDJ resources

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USDJ price calculator

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USDJ
USD
1 USDJ = 1.13 USD
Last updated (UTC-0)
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