Dear USDJ users,
Since launching the USDJ Sunset Plan, we have remained committed to providing users with a smooth and secure exit process. As the original deadline of August 31, 2025 approaches, we recognize that some users have not yet completed position settlement and repayment. To further safeguard user interests and ensure an orderly transition, the team has conducted a thorough evaluation and decided to proceed as follows:
The exit deadline will be extended to September 30, 2025. However, liquidity support for USDJ will be discontinued after August 31, which may result in the token's increased price volatility.
On September 30, USDJ's Collateralized Debt Positions (CDP) system will be permanently decommissioned, after which USDJ will transition to a floating exchange rate. The USDJ-to-TRX conversion rate will be automatically set based on the system's final state upon shutdown.
After September 30, the assets in CDPs held by regular users will remain intact. However, as the protocol liquidates and settles bad debt, your position may still be subject to system liquidation. For this reason, we strongly recommend that you repay your loans and withdraw collateral by September 30 to avoid any risks.
Please note the following after the system shuts down on September 30:
A withdrawal page will remain available for users to retrieve assets from CDPs that have not been liquidated until further notice.
To support ongoing liquidity needs, USDJ/TRX conversion will remain available through a dedicated page until further notice.
Our sincere thanks go to the community for your steadfast support during this period of transition. Please follow official announcements and complete the required sunset process as soon as possible. Together, we can ensure a smooth transition and keep the momentum going as our ecosystem continues to evolve.
USDJ Team
Aug 22, 2025