JUST Stablecoin (USDJ) API and Price Oracle

JUST Stablecoin API Logo

JUST Stablecoin

USDJ
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
?
0xd495...2482
Network
Blockchain network where the asset is deployed
?
Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
?
MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
?
120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
?
Source
Volume 24h
Trades 24h
Pairs
Get a custom JUST Stablecoin price oracle or API endpoint

DIA Oracle Builder [BETA]
Create and manage price oracles autonomously
  • Autonomously deploy oracles under 3 minutes
  • Select data sources, methodology & update triggers
  • Easily fund, edit and delete oracles
  • Management and monitoring dashboard
  • Available in 3 testnet chains
build your oracle
Request custom oracle
Request a fully tailored price oracle implementation
  • Autonomously deploy oracles under 3 minutes
  • Tailored oracles for any individual needs
  • Editable, updatable oracles
  • Real-time gas balance notifications
  • Available in 35+ chains
Start request process
Token information

What is JUST Stablecoin (USDJ)?

USDJ is a stablecoin issued by the JUST Foundation. Launched in 2019, USDJ is designed to maintain its value at a 1:1 ratio with the US dollar. It operates on the TRON blockchain and utilizes a decentralized autonomous organization (DAO) model to ensure transparency and stability. The JUST Foundation, headed by Justin Sun, is responsible for the development and governance of USDJ.

How does JUST Stablecoin work?

JUST Stablecoin is built on the TRON blockchain and operates as a decentralized stablecoin platform. TRON is a high-performance blockchain platform that utilizes the TRON Virtual Machine (TVM) to execute smart contracts. JUST Stablecoin is primarily backed by TRX, the native cryptocurrency of the TRON network.

The functioning of JUST Stablecoin involves a collateralization process where users lock their TRX tokens as collateral to generate stablecoins known as JST. JST is pegged to the value of USD, aiming to maintain a 1:1 ratio. This ensures that the stablecoin remains stable in value.

The collateralization process involves users locking their TRX in the JUST platform and generating USDJ, which is an algorithmic stablecoin similar to JST. USDJ plays a crucial role in maintaining the stability of JST. Initially, the collateralization ratio is set at 200%, meaning that for every 1 TRX locked as collateral, 2 USDJ can be generated. The collateralization ratio ensures that the stablecoin remains fully collateralized, providing stability and security to its users.

The underlying technology behind JUST Stablecoin leverages smart contracts to automate the generation, redemption, and liquidation processes. These smart contracts enable transparent and decentralized operations, ensuring immutability and trust within the platform.

Overall, JUST Stablecoin on the TRON blockchain provides a decentralized and transparent stablecoin solution by utilizing the collateralization of TRX tokens to generate stablecoins pegged to the value of USD, creating a reliable and stable digital asset within the blockchain ecosystem.

What are the benefits of JUST Stablecoin?

JUST Stablecoin offers several benefits compared to its direct competitors. As a blockchain-based stablecoin, JUST aims to provide stability and reliability in its value. Here are some key advantages of JUST Stablecoin:

1. Decentralization: JUST Stablecoin is built on the TRON blockchain, which allows for decentralized governance and control. This means that no single entity has complete control over the stablecoin, making it resistant to censorship and manipulation.

2. Collateralization: JUST Stablecoin is collateralized by a variety of assets, including cryptocurrencies such as TRON's native token TRX, as well as other stablecoins like Tether (USDT) and USD Coin (USDC). This provides a strong foundation for maintaining its stability and peg to the US dollar.

3. Transparency and Auditing: JUST Stablecoin ensures transparency by providing real-time information on its collateralization and reserves. The underlying assets are audited regularly to ensure that they match the value of the stablecoin in circulation, providing reassurance to users.

4. Lower Fees: Compared to its direct competitors, JUST Stablecoin offers lower transaction fees, making it more cost-effective for users. This makes it a favorable choice for individuals and businesses who frequently engage in transactions using stablecoins.

5. Ecosystem Integration: JUST Stablecoin is integrated with the broader TRON ecosystem, allowing users to easily access and utilize other decentralized applications (dApps) and services within the TRON network. This seamless integration provides additional utility and convenience to users.

Overall, JUST Stablecoin offers a decentralized, transparent, and cost-effective stablecoin solution with a strong emphasis on collateralization. These benefits set it apart from its direct competitors and make it an attractive option for individuals and businesses seeking a reliable digital asset pegged to the US dollar.

What is JUST Stablecoin used for?

JUST Stablecoin is a cryptocurrency that is designed to maintain price stability. It operates on the TRON blockchain and is backed by a collateral of various cryptocurrencies and assets. The primary use case of JUST Stablecoin is to provide a stable medium of exchange and store of value in the decentralized finance (DeFi) ecosystem.

Common use cases of JUST Stablecoin include:

1. Trading: JUST Stablecoin can be used by traders as a stable base currency to hedge against the volatility of other cryptocurrencies. It allows traders to easily move in and out of positions without worrying about drastic price fluctuations.

2. Remittances: With JUST Stablecoin, individuals can send money across borders quickly and at a low cost. This can be particularly useful for individuals in countries with limited banking infrastructure or high remittance fees.

3. Savings and Loans: JUST Stablecoin can be used as a stable store of value for individuals who want to protect their wealth from inflation or economic instability. It can also be used as collateral to borrow other cryptocurrencies or to earn interest through lending platforms in DeFi.

One specific case where JUST Stablecoin can be used is in decentralized applications (dApps) that require stable value transactions. For example, in decentralized prediction markets, where users make bets on the outcome of events, JUST Stablecoin can be used as the currency for placing bets. By using a stablecoin, the value of the bets remains consistent, allowing users to participate without being exposed to the volatility of other cryptocurrencies.

In summary, JUST Stablecoin is used primarily as a stable medium of exchange and store of value in the DeFi ecosystem. Its common use cases include trading, remittances, and savings, with one specific case being its use in decentralized applications such as prediction markets.

What is DIA's JUST Stablecoin API?

DIA's JUST Stablecoin API is part of DIA's comprehensive range of API endpoints that offer real-time price feeds for various crypto assets. These price feeds are constructed using raw data obtained from a wide range of on-chain and off-chain cryptocurrency and NFT exchanges, sourced from billions of individual trades. This extensive data collection ensures that DIA delivers unparalleled accuracy and reliability compared to other web3 data providers.

While DIA provides free API endpoints for developers to test and access standard price feeds, the real value lies in their custom feeds. These custom feeds can be tailored according to specific requirements, including sources, methodologies, and update mechanisms. This flexibility allows users to obtain highly personalized and specialized data sets that are especially beneficial for their individual use cases.

DIA's API endpoints have numerous applications across the blockchain ecosystem. In the DeFi space, they can be used for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. For NFTfi applications, the API can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative use cases.

To access the free API endpoints, developers can visit the asset's detail page on the DIA App. For those who require custom configurations and feeds, DIA offers dedicated support through Discord or Telegram.

In summary, DIA's JUST Stablecoin API, along with their broader range of API endpoints, provides real-time price feeds for various crypto assets. While the free API endpoints are available for testing, the true power and usefulness lie in the custom feeds tailored to meet specific user requirements. These APIs have diverse applications in DeFi and NFTfi, enabling developers to create innovative and data-driven solutions within the blockchain ecosystem.

What is DIA's JUST Stablecoin price oracle?

DIA's JUST Stablecoin price oracle is a smart contract that provides real-time price feeds for cryptocurrencies. DIA stands out from other web3 data providers by offering custom price oracle data feeds tailored to a user's specific needs. These custom feeds can be configured in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA through Discord or Telegram.

In addition to custom feeds, DIA also provides demo oracles for developers to test, which can be found in DIA's documentation. However, it's important to note that these demo oracles are only for testing purposes and cannot be integrated into production applications. On the other hand, custom feeds offer a more sophisticated solution for users looking to obtain accurate and reliable price information.

DIA's price feeds are constructed by sourcing raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades. This extensive data allows DIA to deliver comprehensive and trustworthy price oracles. DIA is integrated with 35+ layer 1 and layer 2 networks, enabling the deployment of price oracles across multiple blockchains.

The applications for DIA's price oracles are vast within the blockchain ecosystem. Some potential use cases include derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and even NFT lending, borrowing, derivatives, renting, and fractionalization.

In summary, DIA's custom price oracles offer users the ability to obtain specialized, accurate, and reliable price information for various use cases within the blockchain ecosystem. To request a custom feed, users can get in touch with DIA through Discord or Telegram.

Why use DIA's USDJ API & price oracle?

DIA's USDJ API and USDJ Price Oracle offer numerous benefits for users in the blockchain ecosystem. These technologies enable users to access accurate and reliable price data for cryptocurrencies and NFTs. The standout advantage of utilizing DIA's API or Price Oracle for the respective token is the high level of customization available. Developers can tailor each oracle and API endpoint to suit the specific requirements of their decentralized applications.

This customization extends to configuration settings, such as the selection of data sources that contribute to the price feed, the implementation of data cleaning filters and pricing methodologies, and the frequency and mechanism of feed updates. This flexibility ensures that the data remains robust and resilient, even in the face of evolving market conditions. Additionally, it allows users to access global market prices as well as specific individual or cross-chain market data.

Transparency is another key advantage offered by DIA's API and Oracle feeds. The company places utmost importance on providing full and granular transparency throughout the entire data journey. In addition, DIA offers various tracking and monitoring tools, empowering users to closely monitor the performance of their oracle and API feeds.

By leveraging DIA's technology, blockchain participants can access customized and transparent data feeds, enabling them to make informed decisions and build innovative applications in the decentralized finance space.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.