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USDJ (USDJ) Coin Historical Price Trend

Despite experiencing a brief dip below $1.00 in 2019 following the collapse of TerraUSD, USDJ has maintained its stability, remaining pegged to the value of the US dollar.

Dec 16, 2024 at 01:55 am

USDJ (USDJ) Coin Historical Price Trend

USDJ is a stablecoin pegged to the US dollar. It is backed by a basket of stablecoins and fiat currencies, and its value is designed to remain stable at $1.00.

USDJ was launched in 2018 by Circle, a financial technology company. The coin is intended to be used as a medium of exchange for everyday transactions, and it can be bought and sold on a variety of cryptocurrency exchanges.

Price History

The price of USDJ has been relatively stable since its launch in 2018. The coin has never traded for more than $1.02 or less than $0.98.

In 2019, the price of USDJ briefly dipped below $1.00 following the collapse of the stablecoin TerraUSD. However, the coin quickly recovered and has since remained stable.

Factors Affecting Price

The price of USDJ is primarily influenced by the following factors:

  • Demand and supply: The price of USDJ will increase if demand for the coin exceeds supply, and it will decrease if supply exceeds demand.
  • The value of the US dollar: The price of USDJ is pegged to the US dollar, so it will fluctuate in line with the value of the dollar.
  • The stability of the underlying assets: USDJ is backed by a basket of stablecoins and fiat currencies. If the value of these assets becomes unstable, it could affect the price of USDJ.

Historical Price Data

The following table shows the historical price data for USDJ:

DatePrice
December 31, 2018$1.00
December 31, 2019$0.997
December 31, 2020$1.002
December 31, 2021$1.000
December 31, 2022$0.999

Conclusion

USDJ is a stablecoin that has been relatively stable since its launch in 2018. The price of the coin is primarily influenced by demand and supply, the value of the US dollar, and the stability of the underlying assets.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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