USDJ

Purpose and Intended Use

USDJ is a stablecoin created on the TRON blockchain that aims to maintain a 1:1 peg with the US Dollar. It was launched as part of the JUST (JST) DeFi ecosystem.

Business Model and Operation

USDJ is generated through a collateralized debt position (CDP) system where users lock up TRX (TRON's native token) as collateral to mint USDJ. This system is similar to MakerDAO's DAI on Ethereum.

Real-World Adoption

The token has seen limited adoption primarily within the TRON DeFi ecosystem, being used mainly for trading and as a stablecoin option on TRON-based decentralized exchanges.

Platform Development

The platform is maintained as part of the JUST ecosystem, though development activity appears minimal compared to other stablecoin projects.

Token Distribution and Governance

The token supply is entirely controlled by the smart contract system, with no pre-mine or founder allocation. Users can only create USDJ by providing sufficient collateral.