PANews reported on November 18th that Justin Sun announced that the USDJ liquidation will be carried out according to the principle of 100% 1:1 guaranteed redemption for users before the snapshot. USDJ, a decentralized stablecoin on the Tron network, is an older version of the SAI project. The official liquidation process took over a year, and more than 95% of the USDJ was redeemed at a price higher than 1. Currently, only about $200,000 worth of USDJ remains on the market, and this portion will also be permanently redeemed at a 1:1 ratio to ensure the safety of user assets. Justin Sun stated that USDJ will serve as a decentralized TRX exchange contract, and the bottom line during the liquidation is to ensure that all users do not suffer losses. The system closed at 10 PM Beijing time on November 17th, and the final value of USDJ was 1.55 TRX. Future fluctuations will be driven by the price of TRX, but will be unrelated to the actual liquidation value for users. He explained that the reason for the liquidation was due to the technological upgrade of centralized stablecoins; USDJ's code was outdated, and the team planned to focus on the development of USDD, hence the decision to liquidate USDJ. Users need not worry about asset security or loss of value; the liquidation plan ensures the rights of all users. Previously, JUST DAO issued an announcement regarding the market adjustment and orderly exit of USDJ .PANews reported on November 18th that Justin Sun announced that the USDJ liquidation will be carried out according to the principle of 100% 1:1 guaranteed redemption for users before the snapshot. USDJ, a decentralized stablecoin on the Tron network, is an older version of the SAI project. The official liquidation process took over a year, and more than 95% of the USDJ was redeemed at a price higher than 1. Currently, only about $200,000 worth of USDJ remains on the market, and this portion will also be permanently redeemed at a 1:1 ratio to ensure the safety of user assets. Justin Sun stated that USDJ will serve as a decentralized TRX exchange contract, and the bottom line during the liquidation is to ensure that all users do not suffer losses. The system closed at 10 PM Beijing time on November 17th, and the final value of USDJ was 1.55 TRX. Future fluctuations will be driven by the price of TRX, but will be unrelated to the actual liquidation value for users. He explained that the reason for the liquidation was due to the technological upgrade of centralized stablecoins; USDJ's code was outdated, and the team planned to focus on the development of USDD, hence the decision to liquidate USDJ. Users need not worry about asset security or loss of value; the liquidation plan ensures the rights of all users. Previously, JUST DAO issued an announcement regarding the market adjustment and orderly exit of USDJ .

Justin Sun: Over 95% of the USDJ supply has been bought back at a premium, leaving only about $200,000 worth of USDJ on the market.

2025/11/18 15:58

PANews reported on November 18th that Justin Sun announced that the USDJ liquidation will be carried out according to the principle of 100% 1:1 guaranteed redemption for users before the snapshot. USDJ, a decentralized stablecoin on the Tron network, is an older version of the SAI project. The official liquidation process took over a year, and more than 95% of the USDJ was redeemed at a price higher than 1. Currently, only about $200,000 worth of USDJ remains on the market, and this portion will also be permanently redeemed at a 1:1 ratio to ensure the safety of user assets.

Justin Sun stated that USDJ will serve as a decentralized TRX exchange contract, and the bottom line during the liquidation is to ensure that all users do not suffer losses. The system closed at 10 PM Beijing time on November 17th, and the final value of USDJ was 1.55 TRX. Future fluctuations will be driven by the price of TRX, but will be unrelated to the actual liquidation value for users.

He explained that the reason for the liquidation was due to the technological upgrade of centralized stablecoins; USDJ's code was outdated, and the team planned to focus on the development of USDD, hence the decision to liquidate USDJ. Users need not worry about asset security or loss of value; the liquidation plan ensures the rights of all users.

Previously, JUST DAO issued an announcement regarding the market adjustment and orderly exit of USDJ .

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

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The HackerNoon Newsletter: Cypherpunks Write Code: Zooko Wilcox  Zcash (9/21/2025)

The HackerNoon Newsletter: Cypherpunks Write Code: Zooko Wilcox Zcash (9/21/2025)

How are you, hacker? 🪐 What’s happening in tech today, September 21, 2025? The HackerNoon Newsletter brings the HackerNoon homepage straight to your inbox. On this day, Malta's Independence Day in 1964, U.S.A. Neutrality Acts in 1939, Belize Gained Full Independence in 1981, and we present you with these top quality stories. From Remote Work Reality Check: Malta, Madeira and the Canaries to Terraforming Mars Could Save Earth (or Doom Us All), let’s dive right in. Can You Spend Crypto Without Selling It? Inside The ether.fi Cash Card’s “Never Sell” Revolution By @ishanpandey [ 10 Min read ] In-depth review of the Ether.Fi Cash Card – a DeFi-driven Visa that lets you spend crypto without selling it. Read More. How Evergen Scaled Renewable Monitoring with TigerData (TimescaleDB) and Slashed Infrastructure Cost By @tigerdata [ 9 Min read ] How Evergen scaled renewable monitoring by moving from MongoDB to TigerData (TimescaleDB)—cutting infra use >50%, speeding queries <500 ms, centralizing data. Read More. From Postgres to ScyllaDB: How Coralogix Achieved 349x Faster Queries By @scylladb [ 8 Min read ] Coralogix boosted query speeds 349x by migrating from PostgreSQL to ScyllaDB, cutting latency from 30s to 86ms with smart data modeling. Read More. Remote Work Reality Check: Malta, Madeira and the Canaries By @socialdiscoverygroup [ 4 Min read ] Remote Work in Paradise? 4 Years, 3 Islands, 1 Honest Guide. Discover the real trade-offs of Malta, Madeira Canary Islands for digital nomads. Read More. Cypherpunks Write Code: Zooko Wilcox Zcash By @obyte [ 6 Min read ] Zooko Wilcox grew up coding and questioning systems, and that path led him to create the privacy coin Zcash. Lets see more of this story! Read More. Why a Decentralized Internet is Inevitable (or Not) by 2030 By @awesomemike [ 8 Min read ] Explore the arguments for and against a decentralized internet by 2030, examining technology, regulation, and societal impact shaping its future. Read More. Terraforming Mars Could Save Earth (or Doom Us All) By @kingdavvd [ 6 Min read ] Explore how space technology helps fight climate change, from satellites tracking emissions to innovations driving sustainability. Read More. Bitcoin Highs Bring Familiar Questions, but Discipline Outlasts Hype By @paulquickenden [ 3 Min read ] Bitcoin has hit a new high price - but is it the top? What could push it higher or lower? Heres a steady, hype-free take on reading the signals Read More. 🧑‍💻 What happened in your world this week? It's been said that writing can help consolidate technical knowledge, establish credibility, and contribute to emerging community standards. Feeling stuck? We got you covered ⬇️⬇️⬇️ ANSWER THESE GREATEST INTERVIEW QUESTIONS OF ALL TIME We hope you enjoy this worth of free reading material. Feel free to forward this email to a nerdy friend who'll love you for it.See you on Planet Internet! With love, The HackerNoon Team ✌️
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