JUST DAO Retires USDJ Stablecoin, Sets Fixed TRX Redemption at 1.5532 Ratio

JUST DAO has officially retired the USDJ stablecoin, marking the end of a five-and-a-half-year experiment on the TRON network. The redemption rate is now fixed at 1 USDJ = 1.5532 TRX, which approximates $0.45 based on current prices, providing a clear exit path for holders.

USDJ launched in early 2020 as TRON's first algorithmic, overcollateralized stablecoin, mirroring MakerDAO's DAI system, and once reached a market cap of $300 million during the DeFi boom. However, it faced liquidity issues in recent years as TRON shifted focus to USDD and USDT integrations. The shutdown was phased, with core functions like minting and redemption through CDP positions ending on August 31, 2025, and liquidations extended to September 30, 2025, to allow users to unwind positions.

This move aligns with TRON's broader DeFi strategy, emphasizing newer models and addressing security concerns with legacy systems. Community reactions have been mixed, with some users expressing nostalgia for USDJ's role in TRON's early growth, while others welcome the clarity of the fixed conversion model.