TRX News Today: Investor Uncertainty Drives USDJ's Dramatic 187% Spike Before Exit

JUST DAO has officially decommissioned its Tron-based stablecoin USDJ, replacing it with a fixed exchange rate model pegged to TRX. The transition, announced November 18, marks the culmination of a months-long wind-down process initiated in May 2025. The new system sets 1 USDJ equal to 1.5532 TRX, a shift aimed at streamlining operations and reallocating resources to newer initiatives like USDD.

The move coincided with a dramatic market reaction. On November 17, USDJ surged 187.82% in 24 hours, outpacing even Bitcoin's modest -0.77% decline. The cryptocurrency market, already reeling from a -1.56% drop in total market cap to $3.21 trillion, saw mixed performance among top assets. While Ethereum fell -0.55%, USDJ's spike positioned it as the day's top gainer, reflecting investor uncertainty ahead of the transition.

USDJ, launched as a decentralized stablecoin on the TRON network, operated via overcollateralized TRX deposits in Collateralized Debt Positions (CDPs). The Target Rate Feedback Mechanism (TRFM) dynamically adjusted supply to maintain its $1 peg, but declining usage and competition from alternatives like USDD eroded its relevance. JUST DAO began phasing out USDJ in May 2025 by halting new CDP creation and delisting it from exchanges like KuCoin. By September 30, the stablecoin transitioned to a floating rate, with minimal liquidity, setting the stage for its formal retirement.

The shift underscores broader challenges in decentralized stablecoin markets, where projects must balance innovation with user retention. JUST DAO's pivot to a fixed TRX rate simplifies the model but raises questions about how TRON will sustain its DeFi ecosystem without USDJ's lending infrastructure. Meanwhile, the 187.82% price spike suggests lingering demand for TRON-based stablecoins, though whether this translates to USDD's success remains to be seen.