BrandLogo
(24H)
csr-score-image
/100

Community Sentiment

Converter

Coin
coin_image
convertor-icon

Value

usd-icon
USD
1 = $1.01502291
Logo_icon
0.00
%
  • Price
  • Market Cap

Graph-Loading

Loading Data ...

Performance

undefined Vitals

Social
Categories

Metrics

Explore more
No Metrics Available

On-Chain Analysis

Market
Financials
Valuation
Usage
Development
Technicals

About

USDJ is a decentralised stablecoin that is pegged to the US dollar, designed to maintain its value at 1 USD. It operates on the TRON blockchain, a high-performance decentralised network, ensuring transparency and fast transactions. USDJ was introduced by TRON’s decentralised autonomous organisation (DAO) to enable a stable cryptocurrency option within their ecosystem. The coin achieves its peg through a system of collateralised debt positions (CDPs), where users lock TRX tokens in smart contracts to generate USDJ. Unlike traditional fiat-backed stablecoins, USDJ’s value stability is maintained algorithmically within the blockchain environment, providing a trustless and decentralised solution ideal for DeFi applications. By utilising smart contracts, USDJ offers a secure method of facilitating global transactions while avoiding the volatility typically associated with cryptocurrencies.