usdj

According to the official announcement, the USDJ system was officially shut down on November 17, 2025, at 21:50 Singapore time. Before the shutdown, all user assets were rigidly redeemed for USDT at a 1:1 ratio. For USDJ and TRX that were not processed in time, three channels are now open:USDJ holders can exchange for USDT at a 1:1 ratio through the official platform or HTX;TRX CDP users can redeem at a unit price of 0.2914 USDT;USDJ obtained after the shutdown will be converted into a decentralized TRX exchange contract, redeemable for TRX at a fixed exchange rate of 1:1.55, which is unrelated to the value of the settlement.The collateral assets that were not withdrawn before the system shutdown have been officially transferred to a designated contract address for safekeeping and publicly disclosed in the JustLend reserve address to ensure the safety and integrity of user assets.

According to the official announcement, the USDJ system was officially closed on November 17, 2025, at 21:50 Singapore time. To handle the remaining 448,000 unsold USDJ and 1.395 million TRX collateral positions after the system closure, the official has now announced three exchange channels: users holding USDJ before the closure can exchange it for USDT at a 1:1 ratio through official channels, or complete the exchange via the HTX platform; users holding TRX CDP before the closure can redeem TRX at a price of 0.2914 USDT; and USDJ obtained after the closure can be exchanged for TRX at a fixed rate of 1:1.5532 through a designated link. All unclaimed collateral assets have been transferred to the contract address published on the JustLend Reserve page.

Sun Yuchen announced that the USDJ liquidation will be conducted based on the principle of 100% 1:1 rigid redemption for users prior to the snapshot. USDJ, as a decentralized stablecoin on the TRON network, is an older version of the SAI project, which has been liquidated by the official team for over a year, recovering more than 95% of USDJ at a price above 1. Currently, there is only about $200,000 worth of USDJ left in the market, which will also be permanently exchanged at a 1:1 ratio to ensure the safety of user assets.Sun Yuchen stated that USDJ will serve as a decentralized TRX exchange contract in the future, with the bottom line during liquidation being to ensure that all users do not incur losses. The system will close at 22:00 Beijing time on November 17, and the final valuation of USDJ will be 1.55 TRX, which will fluctuate with the TRX price in the future, but will not affect the actual redemption value for users.He explained that the reason for the liquidation is due to the technological upgrade of centralized stablecoins, as the USDJ code is too outdated. The team plans to focus on the development of USDD, hence the decision to liquidate USDJ. Users need not worry about asset safety or issues of depreciation, as the liquidation plan ensures the rights and interests of all users.

According to official news, the USDJ stablecoin system has completed a strategic upgrade and officially transformed into a fixed exchange rate system pegged to TRX. Starting today, USDJ will be exchanged at a fixed ratio of 1:1.5532 with TRX. Thank you for the long-standing support from the community. As an important cornerstone of the TRON DeFi ecosystem, USDJ will continue to innovate in the future and work with users to explore new landscapes in blockchain finance.

JUST DAO announced the cessation of USDJ operations and the transition notice, stating that USDJ has successfully ceased operations, and the original stablecoin system has been updated to a fixed exchange rate model with TRX. In the future, the exchange rate for USDJ will be 1 USDJ = 1.5532 TRX.In response to this matter, TRON founder Justin Sun has made a statement. He emphasized that all user assets before the snapshot will receive a 100% 1:1 rigid redemption. Justin Sun revealed that USDJ is an old project, and the official team has been winding it down for a year, during which they have repurchased over 95% of USDJ in the market at prices significantly higher than 1 dollar.Regarding the remaining approximately 200,000 USDJ in the market, he promised that this portion will also be permanently exchanged at a 1:1 ratio, and users need not worry about asset safety. As for the reason for the winding down, Justin Sun explained that it is due to the continuous upgrade of centralized stablecoin technology, while USDJ is based on the outdated SAI version, and the team has decided to focus all efforts on USDD.

According to Arkham data, at 17:52, 2107397.03 USDJ (worth approximately 2444580.55 USD) was transferred from Justin Sun to Justin Sun.

ChainCatcher message, according to the official announcement from SunPump, in order to cooperate with the USDJ project's USDJ Sunset Plan, all users are requested to promptly handle their USDJ-related assets held on the SUN.io platform to avoid potential financial risks. If users currently hold USDJ liquidity, please withdraw it from the exchange pool and convert it to USDD, USDT, or other mainstream tokens immediately; if users are participating in the USDJ liquidity mining pool staking, please timely withdraw the LP principal and corresponding earnings, and complete the asset conversion to ensure asset safety.

ChainCatcher message, according to the official announcement, the deadline for the USDJ Sunset plan has been officially extended to September 30, 2025. The official liquidity support will cease after August 31, 2025, and after the system is shut down, USDJ will switch to a floating exchange rate mechanism.The official recommends that all users complete repayments and collateral withdrawals in a timely manner before September 30 to avoid asset losses due to position liquidation. After the system ceases operation, the official will retain the CDP asset withdrawal channel and USDJ/TRX exchange service for the long term, with specific shutdown times to be announced separately.

ChainCatcher news, according to official information, the USDJ protocol will officially terminate services and initiate a delisting plan on August 31, 2025.To ensure the safety of user assets, the official calls on all USDJ holders, collateral debt position (CDP) users, and JustLend DAO lending users to immediately handle related positions or exchange USDJ for stablecoins such as USDD, to avoid liquidity shortages or market volatility risks. This adjustment aims to optimize the allocation of ecological resources and promote the more efficient development of the decentralized financial system. Users are encouraged to complete the migration in a timely manner to collectively embrace the next phase of upgrades and innovations.

According to ChainCatcher news, the official announcement states that JustLendDAO Proposal No. 34 has been officially submitted, proposing parameter adjustments to the USDJ market. The proposal suggests that the collateral coefficient will be reduced from 75% to 0%, while the reserve coefficient will be increased from 5% to 100%. This adjustment aims to optimize the platform's risk structure and gradually withdraw from USDJ market services. After the changes take effect, USDJ will terminate the collateral lending function and interest earnings, but will retain repayment and withdrawal channels.

According to ChainCatcher news and official Twitter announcements, in order to enhance system stability and adhere to community governance consensus, JustLend DAO will initiate an orderly exit process for the USDJ market.JustLend DAO will soon stop issuing USDJ interest and will no longer support it as collateral, with a complete delisting expected before August 2025; the CDP functionality of the USDJ protocol will be closed by the end of August 2025, and the stability fee and liquidation collateral ratio will be increased.It is recommended that USDJ holders, borrowers, and lenders promptly adjust their asset allocations, closely monitor official announcements, and arrange their funds properly to avoid impacts from subsequent service adjustments.

According to ChainCatcher news, USDJ has officially launched the "Sunset Plan," with the aim of completing the full transition out of the market by August 31, 2025. This decision is intended to align with the development trends of the DeFi industry, optimize resource allocation, and gradually shift focus towards more efficient next-generation stablecoins like USDD within the TRON ecosystem.Starting from May 16, JustLend DAO will suspend new deposits and borrowing functions for USDJ, while existing positions will remain unaffected. The platform will also gradually adjust the collateralization ratio of USDJ at its discretion, and it is recommended that relevant users pay attention and adjust their asset structures in a timely manner to avoid potential liquidation risks. During the transition period, the official team promises to maintain the liquidity of USDJ on mainstream DEXs (such as SunSwap) and provide convenient exchange channels for assets like USDD and USDT. The JustStable team stated that they will continue to promote more innovative projects within the TRON DeFi ecosystem in the future, working together with users to build a more valuable financial future.