JUST announces follow-up plan for USDJ clearance, all assets will be rigidly redeemed 1:1 for USDT before closure
ChainCatcher News, according to the official announcement, the USDJ system was officially shut down at 21:50 (GMT+8) on November 17, 2025. Before the shutdown, all user assets were rigidly redeemed to USDT at a 1:1 ratio. For USDJ and TRX that were not processed in time, three channels are now open:
- USDJ holders can exchange for USDT at a 1:1 ratio through the official platform or certain exchanges;
- TRX CDP users can redeem at a unit price of 0.2914 USDT;
- USDJ obtained after the shutdown will be converted to a decentralized TRX exchange contract, and can be exchanged for TRX at a fixed rate of 1:1.55, regardless of its fluctuation or liquidation value.
Collateral assets that were not withdrawn before the system shutdown have been officially transferred to a designated contract address for safekeeping, and are publicly disclosed at the JustLend reserve address to ensure the security and integrity of user assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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