USDJ officially launches Sunset Plan, plans to exit in a gradual and orderly manner

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ChainCatcher reports, according to official information, USDJ has officially launched the "Sunset Plan", planning to complete the entire market exit transition by August 31, 2025. The decision aims to follow the development trend of the DeFi industry, optimize resource allocation, and gradually shift focus to more efficient next-generation stablecoins like USDD in the TRON ecosystem.

Starting from May 16, JustLend DAO will suspend new deposits and borrowing of USDJ, with existing positions remaining unaffected. The platform will also gradually reduce the collateral rate of USDJ at its discretion, advising relevant users to pay attention and adjust their asset structure to avoid potential liquidation risks. During the transition period, the official promises to continue maintaining USDJ's liquidity on mainstream DEXs (such as SunSwap) and provide convenient exchange channels for assets like USDD and USDT. The JustStable team stated that they will continue to promote more innovative projects in the TRON DeFi ecosystem and work with users to build a more valuable financial future.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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