TRX News Today: Investor Doubts Cause USDJ to Surge by 187% Prior to Withdrawal
- JUST DAO retired its TRON-based stablecoin USDJ on Nov 18, replacing it with a fixed 1.5532 TRX per USDJ rate after a 6-month wind-down. - USDJ surged 187.82% in 24 hours before its exit, outperforming Bitcoin and Ethereum amid investor uncertainty over the transition. - The shift reflects declining USDJ usage and competition from alternatives like USDD, with the stablecoin's CDP model phased out since May 2025. - The move raises questions about TRON's DeFi sustainability without USDJ's lending infrastru
JUST DAO has formally discontinued its Tron-based stablecoin USDJ, opting instead for a fixed exchange system tied to TRX. This change,
This update triggered a notable market response. On November 17, USDJ
USDJ was introduced as a decentralized stablecoin on the
This transition highlights the ongoing difficulties faced by decentralized stablecoin projects, which must innovate while maintaining user engagement.
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.
You may also like
Nvidia’s Culture of Trust: The Role of Generous Leave in Driving Technological Leadership
- Nvidia offers 22-week paid maternity leave, 12 weeks for non-birthing parents, and 8 weeks of flexible scheduling, ranking No. 2 on Fortune's 2025 Best Workplaces for Parents list. - CEO Jensen Huang prioritizes employee care to attract talent, with 93% of Nvidia parents reporting "deep care" from the company versus 48% at typical U.S. workplaces. - The policy includes surrogacy/adoption coverage, backup childcare, and manager-led flexibility, correlating with 50% higher "extra effort" at work compared t
Hyperliquid's Rising Popularity and Entry Barriers: Addressing Institutional Participation and Retail Appetite in Liquid Restaking Derivatives
- Hyperliquid's 2025 retail-driven growth surged via token airdrops and buybacks, reaching $2.15B TVL and 70% perpetual futures market share. - Institutional adoption faces barriers from token dilution risks (10.8B HYPE unlock) and regulatory challenges after $4.9M POPCAT token manipulation losses. - Strategic innovations like HIP-3 and 21Shares' ETF proposal aim to attract institutional capital despite competition from Aster and BNB Chain platforms. - Platform's success hinges on balancing retail momentum
SEC Obscures Boundaries of Crypto Regulation Amid 2026 Oversight Changes
- U.S. SEC removed crypto from 2026 examination priorities under Trump's deregulatory agenda, shifting focus to cybersecurity and investor protection. - The move reflects normalization of digital assets within mainstream finance, aligning with global trends to apply existing rules to crypto. - While reducing crypto-specific oversight, SEC retains authority to address risks in AI and automated investment tools. - Market sees the shift as pro-industry, but cybersecurity and compliance demands remain critical
Assessing the HYPE Token: Is a Meme-Based Cryptocurrency Capable of Maintaining Its Price Rally?
- HYPE token surged above $40 in 2025 despite crypto's bear market, driven by whale accumulation and $1.71B futures open interest. - Technical indicators show fading bearish pressure (RSI near 50) but highlight $44.48 resistance and $36.51 support levels. - Meme-inspired HYPE faces credibility challenges compared to transparent platforms like Jump.meme, with unclear utility beyond governance. - Market volatility and regulatory risks persist, contrasting with SOL ETF inflows yet mirroring Monad's failed tok
Trending news
MoreCrypto prices
More
