TRX News Today: Investor Doubts Cause USDJ to Surge by 187% Prior to Withdrawal

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TRX News Today: Investor Doubts Cause USDJ to Surge by 187% Prior to Withdrawal

Bitget-RWA2025/11/18 03:08

By:Bitget-RWA

- 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,

announced on November 18

, concludes a gradual phase-out that began in May 2025. Under the new arrangement, 1 USDJ is now set at 1.5532 TRX, a move intended to simplify processes and

shift focus and resources toward newer projects

such as USDD.

This update triggered a notable market response. On November 17, USDJ

jumped 187.82% within a single day

, outperforming Bitcoin, which saw a slight -0.77% decrease. The broader crypto market, already experiencing a -1.56% dip in total capitalization to $3.21 trillion, displayed mixed trends among leading coins. For instance,

Ethereum

dropped by -0.55%, while USDJ's dramatic rise

made it the top performer of the day

, highlighting investor uncertainty ahead of the changeover.

TRX News Today: Investor Doubts Cause USDJ to Surge by 187% Prior to Withdrawal image 0

USDJ was introduced as a decentralized stablecoin on the

TRON

blockchain, functioning through overcollateralized TRX locked in Collateralized Debt Positions (CDPs). The Target Rate Feedback Mechanism (TRFM)

automatically regulated supply

to keep its value near $1. However, falling adoption and competition from alternatives like USDD diminished its importance. In May 2025, JUST DAO started winding down USDJ by stopping new CDP openings and removing it from platforms such as KuCoin. By September 30, the stablecoin

moved to a variable rate

with very low liquidity, paving the way for its official discontinuation.

This transition highlights the ongoing difficulties faced by decentralized stablecoin projects, which must innovate while maintaining user engagement.

JUST DAO’s adoption of a fixed TRX exchange rate

streamlines the protocol, but also raises concerns about the future of TRON’s DeFi sector without USDJ’s lending features. At the same time,

the 187.82% surge in price

indicates that there is still interest in TRON-based stablecoins, though it remains uncertain if this will benefit USDD in the long run.

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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