Huobi Global, one of the biggest cryptocurrency exchanges in the world is scheduled to list $USDJ (JUST Stablecoin) tomorrow.
— Huobi (@HuobiGlobal) December 8, 2022
Deposits for $USDJ will open today and spot trading for the said stablecoin will be available once the deposit volume meets the market trading demand.
JUST stablecoin trading pairs available are the following:
Lastly, the withdrawals for the $USDJ would open on December 10th for Huobi users.
What is Huobi?
Huobi is one of the most well-established digital crypto exchanges in the world since 2013 and they are one of the most dominant crypto exchanges in Asia.
The said exchange has a well-known reputation for being a safe and trustworthy place to buy, trade, store, earn and sell digital currencies. Currently, they are offering over 350 digital currencies on their platform and they have a growing number of users worldwide with over 60 payment methods for converting fiat into crypto.
They are one of the crypto exchanges that support fiat currencies and provide a variety of cryptocurrency markets that can be traded using the same user account. Users can take advantage of using their popular options such as Spot Exchange, Margin Exchange, Futures Market, Options, and USDT-Swaps.
Asides from the trading features of Huobi, they also have Huobi Staking which earns rewards for holding cryptos, and Huobi Earn, which offers flexible and fixed lock-up terms to earn interest on coins and tokens.
What is JUST Stablecoin?
The JUST Stablecoin (TRC20-USDJ) is a decentralized stablecoin issued on the TRON blockchain and it is pegged to the value of the US dollar (USD).
— TRONSCAN (@TRONSCAN_ORG) December 2, 2022
TRC20-USDJ is backed by collateral assets, generated through decentralized smart contracts on the TRON network and to generate USDJ users would only need to simply collateralize TRX to borrow USDJ or stake their TRX in exchange for $USDJ.
JUST Stablecoin currently ranks at #213 on the current CoinMarketCap list with a live market cap of $276,974,258 USD.
USDJ is one of the top popular stablecoins on the TRON blockchain alongside other TRON-based stablecoins USDD, USDT, TUSD, and USDC.
For more news and updates, see Tron Spark.