About USDJ
USDJ is a stablecoin of TRON. It’s generated through decentralized smart contracts on the TRON network. Anyone can pledge TRX as collateral to generate USDJ. USDJ enters into free circulation as any other cryptocurrency does once generated. It is pegged to the US dollar through Collateralized Debt Positions (CDPs), and also has autonomous feedback mechanisms.
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Market Stats
Market Cap
$10.63M
FDV
$10.63M
Circ. Supply
9.7M USDJ
Max Supply
Not enough data
Total Supply
9.7M USDJ
Diluted Valuation
$119.17K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$9.20M
44.53%
Volume (7D)
$46.27M
Volume (30D)
$197.65M
All time high
$1.78
Price Change (1Y)
3.01%
Additional info about USDJ
Recent trends
The latest USDJ price is $1.10. Compared to USDJ's value of $1.09 from 24 hours ago, there's been a 1% increase, while the current price is 1% up from $1.09 which was recorded one week ago. USDJ's all time high is $1.78, which was reached on November 21, 2024. This is a -38% change from its price today.
The market cap is currently $10.63M, which is a result of multiplying the current price of USDJ($1.10) by the total supply(9,672,539 USDJ). The fully diluted valuation of USDJ is $10.63M. The diluted valuation of USDJ is $10.63M.
Market details
USDJ vs markets
↘ 16.32%
USDJ vs BTC
↘ 29.93%
USDJ vs ETH
↗ 56.61%
Tags
stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Tronix | TMwFHYXLJaRUPeW6421aqXL4ZEzPRFGkGT |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.10 | ↗ 0.81% |
1 Day | $1.09 | ↗ 0.81% |
1 Week | $1.09 | ↗ 0.52% |
1 Month | $1.13 | ↘ 2.94% |
1 Year | $1.07 | ↗ 3.01% |
FAQ
USDJ is a stablecoin that is pegged to the US dollar and backed by collateral assets. It is generated through decentralized smart contracts on the TRON network. The process involves pledging TRX as collateral to generate USDJ. USDJ is designed to play a role in the TRON DeFi ecosystem. It is part of the JUST DeFi ecosystem on Tron, which consists of JustStable and the JustLend DAO. The development of USDJ is overseen by the JUST Foundation, a team with experience from renowned tech companies.
To generate USDJ, one must deposit collateral assets into Collateralized Debt Positions (CDP) as part of the process. Users first convert TRX to PTRX. To generate USDJ, users carry out a transaction to JUST and create a CDP. Then execute another transaction in order to deposit PTRX, the collateral asset into that same CDP. When a CDP holder sends a transaction to create USDJ, the same amount of debt is also generated and collateral assets are locked up until repayment. USDJ also has a price stability mechanism in place. USDJ is initially pegged 1-to-1 to the US dollar. In times of market instability, a Target Rate Feedback Mechanism (TRFM) will be deployed to keep its denomination constant.
USDJ was developed with the intention of contributing to the DeFi ecosystem on TRON. As a stablecoin, it aims to provide stability in the often volatile cryptocurrency market. It can be used in a variety of DeFi applications, including lending platforms and decentralized exchanges. USDJ also has a global settlement mechanism that can be initiated by JST token holders to mitigate potential risks and damages. This mechanism, along with the risk-management program, makes USDJ aim to be a stable asset in the DeFi space.
USDJ is a product of the JUST network ecosystem, developed by the JUST Foundation. The JUST Foundation is a team with experience from renowned tech companies like Alibaba, Tencent, and IBM. The vision behind USDJ was to create a stablecoin that could contribute to the DeFi ecosystem on TRON. USDJ is a TRC-20 token issued on the Tron blockchain, which utilizes a delegated-proof-of-stake (DPoS) consensus mechanism. USDJ has a circulating supply.
We update our USDJ to USD currency in real-time. Get the live price of USDJ on Coinbase.
The current market cap of USDJ is $10.63M. A high market cap implies that the asset is highly valued by the market.
The all-time high of USDJ is $1.78. This all-time high is highest price paid for USDJ since it was launched.
Over the last 24 hours, the trading volume of USDJ is $9.20M.
Assets that have a similar market cap to USDJ include Limitus, Brett (ETH), Vector Smart Gas, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of USDJ is 9.7 million.
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