About USDJ
Market Stats
Market Cap
$10,915,298.46
FDV
No data
Circulating Supply
9,599,292.119 USDJ
Max Supply
No data
Total Supply
9,599,292.119 USDJ
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$2,998,843.30
-0.14%
All time high
$1.78
Additional info about USDJ
Networks and details
The price of USDJ has decreased by 0.00% in the last hour and decreased by 0.14% in the past 24 hours. USDJ’s price has also fallen by 0.78% in the past week. The current price is $1.14 per USDJ with a 24-hour trading volume of $3.00M. Currently, USDJ is valued at 36.11% below its all time high of $1.78. This all-time high was the highest price paid for USDJ since its launch.
The current circulating supply of USDJ is 9,599,292.119 USDJ which means that USDJ has as total market cap of $10,915,298.46.
Price history
Today | $1.14 | ↘ 0.14% |
1 Day | $1.14 | ↘ 0.14% |
1 Week | $1.15 | ↘ 0.78% |
1 Month | $1.13 | ↗ 0.63% |
1 Year | $1.12 | ↗ 1.18% |
Market details
Performance against other markets | ↗ 1.1% |
Performance against BTC | ↘ 14.21% |
Performance against ETH | ↗ 100.18% |
Performance in the past year | ↗ 1.18% |
FAQ
USDJ is a stablecoin that is pegged to the US dollar and backed by collateral assets. It is generated through decentralized smart contracts on the TRON network. The process involves pledging TRX as collateral to generate USDJ. USDJ is designed to play a role in the TRON DeFi ecosystem. It is part of the JUST DeFi ecosystem on Tron, which consists of JustStable and the JustLend DAO. The development of USDJ is overseen by the JUST Foundation, a team with experience from renowned tech companies.
To generate USDJ, one must deposit collateral assets into Collateralized Debt Positions (CDP) as part of the process. Users first convert TRX to PTRX. To generate USDJ, users carry out a transaction to JUST and create a CDP. Then execute another transaction in order to deposit PTRX, the collateral asset into that same CDP. When a CDP holder sends a transaction to create USDJ, the same amount of debt is also generated and collateral assets are locked up until repayment. USDJ also has a price stability mechanism in place. USDJ is initially pegged 1-to-1 to the US dollar. In times of market instability, a Target Rate Feedback Mechanism (TRFM) will be deployed to keep its denomination constant.
USDJ was developed with the intention of contributing to the DeFi ecosystem on TRON. As a stablecoin, it aims to provide stability in the often volatile cryptocurrency market. It can be used in a variety of DeFi applications, including lending platforms and decentralized exchanges. USDJ also has a global settlement mechanism that can be initiated by JST token holders to mitigate potential risks and damages. This mechanism, along with the risk-management program, makes USDJ aim to be a stable asset in the DeFi space.
USDJ is a product of the JUST network ecosystem, developed by the JUST Foundation. The JUST Foundation is a team with experience from renowned tech companies like Alibaba, Tencent, and IBM. The vision behind USDJ was to create a stablecoin that could contribute to the DeFi ecosystem on TRON. USDJ is a TRC-20 token issued on the Tron blockchain, which utilizes a delegated-proof-of-stake (DPoS) consensus mechanism. USDJ has a circulating supply.
We update our USDJ to USD currency in real-time. Get the live price of USDJ on Coinbase.
The current market cap of USDJ is $10.92M. A high market cap implies that the asset is highly valued by the market.
The all-time high of USDJ is $1.78. This all-time high is highest price paid for USDJ since it was launched.
Over the last 24 hours, the trading volume of USDJ is $3.00M.
Assets that have a similar market cap to USDJ include Bluefin, S.S. Lazio Fan Token, Cream Finance, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of USDJ is 9.6 million.
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Social stats
Popularity in posts
#3625
Contributors
17
Posts
602,417
% About USDJ
0.003%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
1.4 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
17 unique individuals are talking about USDJ and it is ranked #3,625 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, USDJ has an average sentiment score of 1.4 out of 5. Finally, USDJ is becoming more newsworthy, with 0 news articles published about USDJ. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bearish about USDJ. There were 0% of tweets with bullish sentiment compared to 52.63% of tweets with a bearish sentiment about USDJ. 47.37% of tweets were neutral about USDJ. These sentiments are based on 19 tweets.
On Reddit, USDJ was mentioned in 0 Reddit posts and there were 0 comments about USDJ. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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