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USDJ(USDJ)

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$1.129
(0.72%)
0.00001765 BTC
Market Cap (Rank#291)
$173,671,213
2,715 BTC
Vol 24h
$336,979
5.268635 BTC
Circulating Supply
153,832,126.48
Max Supply
?
316 days agocryptodaily
TRON MainNet Celebrates Fifth Anniversary and Stands Now as the Preferred Global Blockchain
Geneva, Switzerland, June 8th, 2023, ChainwireIt’s been five years since the day in late May 2018 when the TRON MainNet emerged. The layer one blockchain can now authentically be labeled as the public chain of choice, with the most daily active users, the most daily transactions, and the largest circulation of the stablecoin USDT. Impressing the industry with one achievement after another, it has grown into the global leader among all public chains. As the number of comparable chains and competitive options has exponentially increased, TRON continues to stand out with its second-to-none performance, scalability, and security, attracting masses of developers and users worldwide.Following TRON's anniversary, on June 1, Hong Kong's Securities and Futures Commission (SFC) began accepting applications for crypto trading platform licenses. As a top-tier public chain, TRON has promised full support for Hong Kong's Web3 ambitions to become a crypto hub of the world.TRON was founded by H.E. Justin Sun in 2017, and its MainNet went live on May 31, 2018. Five years into the launch of its MainNet, TRON now has over 165M users worldwide and has processed more than 5.7B transactions. According to DeFiLlama, it also outshines the pack with a TVL (Total Value Locked) second only to Ethereum.TRON has established a robust commerce infrastructure via partnerships across the industry. It has become the global stablecoin highway for USDT, USDC, TUSD, USDJ, and USDD.According to the data on Tether's website, the supply of TRC20-USDT has exceeded 46.1B, now 10B more than the Ethereum-native ERC20-USDT, accounting for 60% of USDT's total supply.Powered by a secure, cost-effective, and efficient underlying blockchain, the TRC-20 protocol launched by TRON has become the go-to choice among on-chain users. In addition, TRON has developed a well-rounded ecosystem covering the hotly contested fields in the sector, including DeFi, NFT, GameFi, stablecoins, the metaverse, cross-chain solutions, and DIDs, with the commitment of a group of active developers.TRON aims to elevate its on-chain stablecoin market cap to $100B in 2023 and strives to become the preferred choice for stablecoin users around the world.In October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, and seven TRON-based utility tokens were granted statutory status as authorized digital currencies for use in everyday commerce there. This collaboration blazed a trail for blockchain projects to explore technology application and development with sovereign nations.The next five years look to be as exciting as the previous five. The TRON DAO team is confident they work hard to delve deeper into blockchain tech development by welcoming more and more projects and protocols into the ecosystem to #BUIDLtheFUTURE on TRON. An essential player in propelling the global digital economy forward, TRON strives to empower decentralized commerce and community for every person on the planet.About TRON DAOTRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it has over 165.1 million total user accounts on the blockchain, more than 5.79 billion total transactions, and over $12.0 billion in total value locked (TVL), as reported on TRONSCAN.In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]

About USDJ?

The live price of USDJ (USDJ) today is 1.129 USD, and with the current circulating supply of USDJ at 153,832,126.48 USDJ, its market capitalization stands at 173,671,213 USD. In the last 24 hours USDJ price has moved -0.0003 USD or -0.00% while 336,606 USD worth of USDJ has been traded on various exchanges. The current valuation of USDJ puts it at #291 in cryptocurrency rankings based on market capitalization.

Learn more about the USDJ blockchain network and how it works or follow the price of its native cryptocurrency USDJ and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

USDJ is a stablecoin that is pegged to the US Dollar and operates on the TRON blockchain. It is a cryptocurrency that combines the stability of the US Dollar with the efficiency and security of blockchain technology. USDJ is designed to maintain a 1:1 ratio with the US Dollar, providing users with a stable value in the volatile crypto market.

Technology & Mechanism

Consensus Mechanism

USDJ operates on the TRON blockchain, which uses a Delegated Proof-of-Stake (DPoS) consensus mechanism. This mechanism is known for its efficiency and scalability, making it ideal for a stablecoin like USDJ.

Blockchain Technology

USDJ operates on the TRON blockchain, a high-performance blockchain known for its scalability and security. The TRON blockchain allows for fast and low-cost transactions, making USDJ a practical choice for everyday use.

Key Features

Scalability

Thanks to the TRON blockchain, USDJ is highly scalable, capable of handling a large number of transactions per second.

Security

USDJ is secured by the robust security measures of the TRON blockchain, ensuring the safety of users' funds.

Privacy

While transactions on the TRON blockchain are transparent, users' identities are kept private, providing a level of privacy.

Decentralization

USDJ is a decentralized stablecoin, meaning it is not controlled by any central authority. This ensures that users have full control over their funds.

Development Team & Governance

USDJ is developed and maintained by the TRON Foundation, a non-profit organization dedicated to the development and promotion of the TRON blockchain.

Use Cases & Potential Impact

USDJ can be used for a variety of purposes, including as a stable store of value, a medium of exchange, and a unit of account. It can also be used in decentralized finance (DeFi) applications.

Purchase & Storage

How to Buy

USDJ can be purchased on various cryptocurrency exchanges, including Poloniex and TRON's own exchange, JUST.

Wallets & Storage

USDJ can be stored in any wallet that supports TRC-20 tokens, including the TRON Wallet and Trust Wallet.

Partnerships & Collaborations

USDJ has partnered with various DeFi platforms on the TRON blockchain, providing a stable asset for users of these platforms.

Roadmap

The TRON Foundation has a roadmap for USDJ that includes further integration with DeFi platforms and expansion into new markets.

Risks & Challenges

Like all cryptocurrencies, USDJ faces risks and challenges, including regulatory risks and the risk of market acceptance.

Community & Regulatory Compliance

Community

USDJ has a growing community of users and developers, who contribute to its development and promotion.

Regulatory Compliance

USDJ is committed to complying with all relevant regulations, ensuring its legality and legitimacy.

In conclusion, USDJ is a stablecoin that combines the stability of the US Dollar with the efficiency and security of the TRON blockchain. It offers a stable store of value in the volatile crypto market and has a wide range of potential uses.

USDJ Price1.129 USD
Market Rank#291
Market Cap173,671,213 USD
24h Volume336,979 USD
Circulating Supply153,832,126.48 USDJ
Max SupplyNo data
Yesterday's Market Cap173,644,448 USD
Yesterday's Open / Close1.1291 USD / 1.1288 USD
Yesterday's High / Low1.1369 USD / 1.106 USD
Yesterday's Change
0.00% ( 0.0003 USD )
Yesterday's Volume336,605.53 USD
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