Justin Sun’s USDJ Stablecoin to Shut Down by August 31 After 5-Year Run
USDJ, the TRON-based stablecoin launched by Justin Sun, is officially shutting down on August 31, 2025. The JUST DAO...
Quick overview
- USDJ, the TRON-based stablecoin, will officially shut down on August 31, 2025, prompting users to swap their holdings to avoid losses.
- Launched in 2020, USDJ was backed by TRX and aimed for a 1:1 peg with the U.S. dollar but is being retired to focus on more scalable stablecoins like USDD.
- The shutdown is part of a strategic shift in the TRON ecosystem, with measures including the suspension of USDJ supply and borrowing features since May 2025.
- Despite the impending shutdown, USDJ is still trading with a volume of $1.13 million in the last 24 hours, priced at $1.05.
USDJ, the TRON-based stablecoin launched by Justin Sun, is officially shutting down on August 31, 2025. The JUST DAO has issued a final warning to users to swap their USDJ holdings or close positions to avoid liquidity shortages and market risks as the protocol winds down.
Launched in 2020, USDJ operated through Collateralized Debt Positions (CDPs) backed by TRX and promised a 1:1 peg with the U.S. dollar. But after 5 years, the token will be retired to focus on other more scalable and efficient stablecoins on the TRON network.
JUST DAO’s post on August 6 said:
“Please act now: close your positions or swap USDJ for USDD or other assets to avoid potential losses from liquidity shortage or market volatility.”
Shutdown Related to Protocol Shift
The reason for shutting down USDJ is a strategic shift in the TRON ecosystem towards new generation stablecoins like USDD which uses algorithmic and collateral-based mechanisms for price stability. According to an official statement:
“To align with industry trends and optimize resource allocation, we are initiating the USDJ Sunset Plan for an orderly transition.”
Key shutdown measures:
- USDJ supply and borrowing features suspended since May 2025
- Minting cap lowered to 10 million tokens
- USDJ reserve factor raised to 100%, ending supplier interest
- Collateral factor reduced to 0, stripping the token of lending utility
- Delisting from exchanges and liquidity pools underway
USDJ is almost unusable in DeFi now.
Market Status and Final Trading Figures
Despite the shutdown, USDJ is still trading, with $1.13 million in volume in the last 24 hours, according to CoinGecko. Surprisingly, the token is priced at $1.05, up 0.4% as users rush to convert their holdings before the deadline.
Current stats:
- Total supply: 108,393 tokens
- Fully diluted valuation: $114,251
- TVL: Over $47 million
- Market cap: Essentially $0
Originally introduced as a TRX-collateralized alternative to traditional stablecoins, USDJ once promised a decentralized future for on-chain finance. With its sunset, Sun’s ecosystem is moving towards newer and more adaptive models like USDD.
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