JUST DAO: Scheduled Launch of USDJ Orderly Transition Plan on May 16

BlockBeats News, May 16, According to official sources, JUST DAO announced that in order to better respond to the development trend of the stablecoin market, the Juststable team will launch the orderly transition plan (Sunset Plan) for USDJ starting from May 16, 2025. The main arrangements are as follows:

- Suspend the addition of new deposits and borrowing functions for USDJ starting from May 16.

- Gradually reduce the USDJ collateral factor, and suggest users to timely replace USDJ with other supported assets (such as USDD, USDT, etc.).

- During the transition period (until August 31), continue to maintain the liquidity of USDJ on major DEX platforms (such as SunSwap) and exchange channels.