USDJ is a Stablecoin Cryptocurrency that runs on the Tron blockchain.
This is part of the Just Defi Ecosystem, which includes a variety of decentralized financial products and services. USDJ is designed to maintain stable value by being locked into US Dollar (USD) through a system of collateral and governance mechanisms.
USDJs are part of a broader debt ecosystem aimed at providing decentralized financial products and services such as lending, borrowing, and stable issuance without traditional intermediaries like banks.
USDJ is classified as Stablecoin because its value is relatively stable and is designed to maintain a 1:1 peg in US dollars. This stability is achieved through a collateral system.
USDJ is supported by collateral in the form of other cryptocurrencies, primarily TRX, the native cryptocurrency of the TRON blockchain. Users will lock the TRX token as collateral for Mint USDJ Stablecoins. The collateral rate ensures that you have enough assets to support the value of Stablecoin.
Additionally, the system employs a variety of mechanisms including automatic settlement of inadequate locations to maintain stable values for USDJs.
Disclaimer. This article is for informational purposes only and should not be considered as approval by Koinidor. They do not recommend buying and selling cryptocurrencies. Readers should do research before investing in funds.
