PANews reported on November 18th that Justin Sun announced that the USDJ liquidation will be carried out according to the principle of 100% 1:1 guaranteed redemption for users before the snapshot. USDJ, a decentralized stablecoin on the Tron network, is an older version of the SAI project. The official liquidation process took over a year, and more than 95% of the USDJ was redeemed at a price higher than 1. Currently, only about $200,000 worth of USDJ remains on the market, and this portion will also be permanently redeemed at a 1:1 ratio to ensure the safety of user assets. Justin Sun stated that USDJ will serve as a decentralized TRX exchange contract, and the bottom line during the liquidation is to ensure that all users do not suffer losses. The system closed at 10 PM Beijing time on November 17th, and the final value of USDJ was 1.55 TRX. Future fluctuations will be driven by the price of TRX, but will be unrelated to the actual liquidation value for users. He explained that the reason for the liquidation was due to the technological upgrade of centralized stablecoins; USDJ's code was outdated, and the team planned to focus on the development of USDD, hence the decision to liquidate USDJ. Users need not worry about asset security or loss of value; the liquidation plan ensures the rights of all users. Previously, JUST DAO issued an announcement regarding the market adjustment and orderly exit of USDJ .PANews reported on November 18th that Justin Sun announced that the USDJ liquidation will be carried out according to the principle of 100% 1:1 guaranteed redemption for users before the snapshot. USDJ, a decentralized stablecoin on the Tron network, is an older version of the SAI project. The official liquidation process took over a year, and more than 95% of the USDJ was redeemed at a price higher than 1. Currently, only about $200,000 worth of USDJ remains on the market, and this portion will also be permanently redeemed at a 1:1 ratio to ensure the safety of user assets. Justin Sun stated that USDJ will serve as a decentralized TRX exchange contract, and the bottom line during the liquidation is to ensure that all users do not suffer losses. The system closed at 10 PM Beijing time on November 17th, and the final value of USDJ was 1.55 TRX. Future fluctuations will be driven by the price of TRX, but will be unrelated to the actual liquidation value for users. He explained that the reason for the liquidation was due to the technological upgrade of centralized stablecoins; USDJ's code was outdated, and the team planned to focus on the development of USDD, hence the decision to liquidate USDJ. Users need not worry about asset security or loss of value; the liquidation plan ensures the rights of all users. Previously, JUST DAO issued an announcement regarding the market adjustment and orderly exit of USDJ .
Justin Sun: Over 95% of the USDJ supply has been bought back at a premium, leaving only about $200,000 worth of USDJ on the market.
For feedback or concerns regarding this content, please contact us at [email protected]
PANews reported on November 18th that Justin Sun announced that the USDJ liquidation will be carried out according to the principle of 100% 1:1 guaranteed redemption for users before the snapshot. USDJ, a decentralized stablecoin on the Tron network, is an older version of the SAI project. The official liquidation process took over a year, and more than 95% of the USDJ was redeemed at a price higher than 1. Currently, only about $200,000 worth of USDJ remains on the market, and this portion will also be permanently redeemed at a 1:1 ratio to ensure the safety of user assets.
Justin Sun stated that USDJ will serve as a decentralized TRX exchange contract, and the bottom line during the liquidation is to ensure that all users do not suffer losses. The system closed at 10 PM Beijing time on November 17th, and the final value of USDJ was 1.55 TRX. Future fluctuations will be driven by the price of TRX, but will be unrelated to the actual liquidation value for users.
He explained that the reason for the liquidation was due to the technological upgrade of centralized stablecoins; USDJ's code was outdated, and the team planned to focus on the development of USDD, hence the decision to liquidate USDJ. Users need not worry about asset security or loss of value; the liquidation plan ensures the rights of all users.
Previously, JUST DAO issued an announcement regarding the market adjustment and orderly exit of USDJ .
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
XRP Could Reach $1 Trillion Market Cap If These Happen
Some fresh projections have linked XRP’s future price to two major developments. The discussion now centers on whether Ripple’s network can grow large enough to
Share
Captainaltcoin2026/03/19 19:30
SNB Policy Rate Holds at Zero: Central Bank Signals Dramatic FX Intervention Readiness
BitcoinWorld SNB Policy Rate Holds at Zero: Central Bank Signals Dramatic FX Intervention Readiness ZURICH, Switzerland – The Swiss National Bank maintained its
Share
bitcoinworld2026/03/19 18:50
Canada Canadian Portfolio Investment in Foreign Securities rose from previous $9.04B to $17.41B in July
The post Canada Canadian Portfolio Investment in Foreign Securities rose from previous $9.04B to $17.41B in July appeared on BitcoinEthereumNews.com. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended…
Share
BitcoinEthereumNews2025/09/18 02:38
