USDJ (USDJ)

📢Announcement on Updates on Handling of Funds Not Timely Returned Following USDJ System Shutdown

All three exchange channels are now available for users who did not complete redemption before the system sunset:

1️⃣Official USDJ/CDP TRX Exchange Channel
2️⃣HTX Dedicated Exchange Channel
3️⃣Official Website Fixed-Price Exchange

🔗Read the full announcement:
https://t.co/8sinP13Ax1 #USDJ #DeFi #TRON

USDJ's final redemption ratio is automatically generated based on the system shutdown time, closing at 22:00 GMT+8 on November 17, because the US dollar is not a native token on the Tron network and can only maintain a fixed value with the native token TRX. The fixed value is always USDJ = 1.55 TRX. USDJ will only fluctuate according to this fixed value in the future: it will rise when TRX rises and fall when TRX falls. This is the final stage of system shutdown. It does not represent the user's redemption value! Before system closure, any user receives a 1:1 rigid redemption!

A few more words on why USDJ is being redeemed? The reason is simple: centralized stablecoin technology has been continuously upgrading, USDJ is an older version of SAI and must upgrade alongside DAI, but the version is decentralized, the code is too outdated, and the team also plans to focus all its effort on USDD. Therefore USDJ is being redeemed, with the bottom line that no user can lose money!