JUST enabled stablecoin fee payments for TRC-20 transfers in Binance Wallet on September 7th. Users sending TRC-20 USDT can pay the network fee in USDT instead of holding TRX.
Refer to the official tweet by JST:
🚀Stablecoin fee payment is officially LIVE for TRC-20 transfers inside your @BinanceWallet!
Skip the hassle of holding TRX for gas. Now, when sending TRC-20 USDT from your Binance Web3 Wallet, you can easily use USDT to cover the network fee.
🔧How to find it: Open Binance… pic.twitter.com/DL9dVXrgVJ
JST Info
JUST is a decentralized finance (DeFi) ecosystem on the TRON blockchain, launched in August 2020. It offers a suite of DeFi products, primarily centered around JustStable, a decentralized stablecoin lending platform. The ecosystem aims to provide a comprehensive range of DeFi services, creating a complete DeFi ecosystem on TRON.
JUST's platform includes various products like JustStable, JustLend, JustSwap, JustLink, and tokenized cross-chain assets. Users can deposit collateral tokens, like TRON (TRX), to mint USDJ, a stablecoin pegged to the US dollar. This process involves creating a collateralized debt position (CDP). JustLend allows for liquidity provision and low-interest loans, JustSwap facilitates trustless token swaps, and JustLink provides decentralized oracle services.
JST is the native governance token of the JUST ecosystem, circulating since May 2020. It serves multiple functions on the platform, including paying interest, maintaining the platform, and participating in governance decisions. These decisions involve setting crucial parameters like interest rates and minimum collateralization ratios. JST plays a central role in the operation and governance of the JUST ecosystem.
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