Dear USDJ users and community,
Thank you for your trust and support throughout USDJ's five-year journey. Together, we’ve witnessed its growth from the very beginning, including its remarkable achievement of reaching a $300 million market cap, made possible by your contributions.
As DeFi and TRON-based stablecoins like USDD evolve, market demand for stablecoin functionality and efficiency has shifted. To align with industry trends and optimize resource allocation, we are initiating the USDJ Sunset Plan after deliberation for an orderly transition.
Keenly aware of its potential impacts, we are committed to handling this process transparently and responsibly to protect your interests. Here are the detailed arrangements:
- Adjustment to USDJ features on JustLend DAO:
- Starting May 16, 2025, JustLend DAO will suspend USDJ supply and borrowing features.
- Please note: Existing USDJ deposits and borrowings will not be affected. However, we still strongly recommend all users, especially USDJ borrowers, to monitor your positions around and after the cut-off date. Please plan for your debt repayments accordingly to safeguard your assets against potential market fluctuations.
- Gradual adjustments to USDJ collateral parameters on JustLend DAO:
- As part of our sunset plan, we will introduce gradual cuts to USDJ's collateral factor with prudence on JustLend DAO based on market conditions.
- What it means to you: If you borrow with USDJ as collateral, your borrow limit will decrease with the dropping collateral factor.
- Recommendation: We strongly advise users who use USDJ as collateral to consider replacing it with other supported assets like USDD or USDT to maintain a healthy borrowing ratio and prevent liquidation risks.
- Liquidity support and swap options during the transition:
- We aim to complete the USDJ sunset by August 31, 2025.
- Until then, we will actively maintain USDJ's liquidity on major decentralized exchanges like SunSwap and ensure users can easily swap USDJ for USDD, USDT, or other tokens.
We apologize for any inconvenience this sunset plan may cause. Our team will closely monitor the market and provide ongoing support as needed during the transition.
And thank you again for your continued support and understanding. USDJ has played a significant role in TRON’s DeFi journey, and we look forward to joining hands with you on future innovative projects to create more value together.
JustStable team
5-16-2025