USDJ History

What does USDJ do?

USDJ (CRYPTO:USDJ) is a decentralized, over-collateralized stablecoin on the TRON blockchain, pegged to the US Dollar. It operates through JustStable, a decentralized finance (DeFi) platform offering financial services like lending, borrowing, and staking. Operations involve generating USDJ by collateralizing TRX in a JustStable Collateralized Debt Position (CDP). USDJ serves for purchases, trading, and participation in DeFi activities. Projects in progress by the JustStable team include launching a decentralized autonomous organization (DAO) to govern the USDJ protocol, developing a lending platform for USDJ and other cryptocurrencies, and expanding the JustStable ecosystem. USDJ's objectives are to provide a stable fiat currency alternative, facilitate everyday cryptocurrency use, and boost the TRON ecosystem's growth. This promising stablecoin has the potential to shape the future of finance. The JustStable team's innovative projects make USDJ one to watch in the years ahead.

Documentation

Company Snapshot

Employees

11-50

Market Cap

$10.95M

Head Office

Singapore

Year Founded

2018

What does USDJ specialise in?

/Stablecoin

What are the products and/or services of USDJ?

Overview of USDJ offerings

Decentralized exchange (DEX): USDJ can be traded on decentralized exchanges such as JustSwap. This allows users to exchange USDJ for other cryptocurrencies quickly and easily.

Lending: USDJ can be used to lend and borrow other cryptocurrencies on the JustStable lending platform. This allows users to earn interest on their USDJ or borrow other cryptocurrencies for a variety of purposes, such as trading or investing.

NFT marketplace: USDJ can be used to purchase non-fungible tokens (NFTs) on the JustNFT marketplace. This allows users to collect and trade NFTs in a decentralized and secure manner.

Payments: USDJ can be used to purchase goods and services from merchants that accept USDJ payments. This makes it easy for people to use cryptocurrency in their everyday lives.

Stablecoin: USDJ is a decentralized, over-collateralized stablecoin that is pegged to the US Dollar on the TRON blockchain. It is designed to be a reliable alternative to fiat currencies, with low volatility and high liquidity.

Staking: USDJ holders can stake their USDJ on the JustStable platform to earn rewards in TRX. Staking helps to secure the USDJ network and provides liquidity to the lending platform.

USDJ

What does USDJ do?