Justin Sun Pointed The Essence Of USDJ And JST Is Not To Compete With Other Stablecoins

  • The Founder and CEO of Tron (TRX) Justin Sun recently shared his opinion on Twitter regarding the purpose of USDJ and the exclusively launched token JUST (JST).
  • He linked his statement with the conclusion that the value of both USDJ and JUST (JST) will highlight steadily with the progression of the TRON ecosystem.
  • A few days back, the TRON-based stablecoins lending platform Djed upgraded to JUST, and the mainnet launched on April 4, 2020.

The Founder and CEO of Tron (TRX) Justin Sun recently shared his opinion on Twitter regarding the purpose of USDJ and the exclusively launched token JUST (JST).

Justin Sun Shared Vision behind USDJ and JST

According to him, the purpose of the two stablecoins USDJ and JST is not designed to compete with other stablecoins in the stablecoin ecosystem. Still, they are intended to complement the key link of the lack of decentralized stablecoins in the TRON ecosystem.

By highlighting his point on Twitter in Chinese, he further précised that the USDJ ecosystem has become stronger on the TRON. However, the decentralized stablecoin must be replenished.

He linked his statement with the conclusion that the value of both USDJ and JUST (JST) will rise steadily with the progression of the TRON ecosystem.

TRON’s latest achievements

Recently, a popular airdrop tool, Cryptocurrency Tip Bot (CCTip), announced that the CCTip platform now supports TRX. The users can now enlist their TRC20/10 tokens on CCTip

A few days back, the TRON-based stablecoins lending platform Djed upgraded to JUST, and the mainnet was launched on April 4, 2020. JUST was listed as a first DeFi project on TRON. Also, the leading exchange Poloniex freshly introduced LaunchBase has chosen its very first venture as JUST.

The post Justin Sun Pointed The Essence Of USDJ And JST Is Not To Compete With Other Stablecoins appeared first on CryptoSyringe: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.




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