TRX News Today: Investor Doubts Cause USDJ to Surge by 187% Prior to Withdrawal
- JUST DAO retired its TRON-based stablecoin USDJ on Nov 18, replacing it with a fixed 1.5532 TRX per USDJ rate after a 6-month wind-down. - USDJ surged 187.82% in 24 hours before its exit, outperforming Bitcoin and Ethereum amid investor uncertainty over the transition. - The shift reflects declining USDJ usage and competition from alternatives like USDD, with the stablecoin's CDP model phased out since May 2025. - The move raises questions about TRON's DeFi sustainability without USDJ's lending infrastru
JUST DAO has formally discontinued its Tron-based stablecoin USDJ, opting instead for a fixed exchange system tied to TRX. This change,
This update triggered a notable market response. On November 17, USDJ
USDJ was introduced as a decentralized stablecoin on the
This transition highlights the ongoing difficulties faced by decentralized stablecoin projects, which must innovate while maintaining user engagement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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