isn't the justlend organization concerned with dep... @officialjustlend

Asked 1065 days ago
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isn't the justlend organization concerned with depegging of the USDJ, this is perceived to be a stable coin, it's overvaluation is messing up all collateral calculations...

asked 1065 days ago

1 Answers

Answer2:JustLend is not directly concerned with the depegging of USDJ, but they do provide the infrastructure to facilitate the process. The JustLend platform enables users to mint USDJ using TRX, and then arbitrage these USDJ tokens on exchanges in order to keep them pegged to the US Dollar. This process of arbitrage helps to keep USDJ prices stable, and prevents them from becoming overvalued, which in turn helps to maintain accurate collateral calculations.
answered 1065 days ago
0
Why they should? USDJ is minted with TRX. You can mint USDJ on just.network and arbitrage in exchanges to repeg.

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