Cardano-based decentralized stablecoin djed is on track for a launch next week, one of the developers behind the token said Tuesday. The highly anticipated djed stablecoin has been jointly developed ...

USD-pegged algorithmic stablecoin Djed launched on the Cardano mainnet on Tuesday. The stablecoin was developed by the blockchain firm Coti and is over-collateralized by 400-800% with ADA, Cardano’s ...

tokens as backing less than a day after launch, data shows. As of the time of writing, Djed has a reserve ratio of nearly 600%, meaning each djed is backed by six times its value in ADA. At current ...

Smart contract blockchain Cardano is currently working on introducing two new stablecoins, both of which aim to deliver greater stability to stablecoins. The Cardano ...

ADA was declared an unregistered security in the SEC's Binance lawsuit earlier this month. The coin has fallen dramatically since the beginning of June. The network metrics for Cardano are still ...

A new stablecoin is arriving on the Cardano blockchain to provide a tool for decentralized finance (DeFi) operations and avoid transaction fees. Cardano’s payment gateway provider, Coti, will be the ...

Cardano's network metrics show slow growth in wallet holders and a decline in active addresses, indicating underwhelming adoption. Cardano's Total Value Locked has increased, driven by ADA price ...

Cardano's Djed stablecoin hit the network's mainnet Jan. 31. This algorithmic stablecoin is expected to be the backbone of numerous projects under development right now. However, questions remain as ...

Cardano is preparing to launch a new stablecoin known as Djed. This stablecoin will make it much easier for Cardano to become a major player in decentralized finance (DeFi). Cardano's entry into DeFi ...

With the new announcement that Cardano is on its way to release an algorithmic stablecoin in 2023, various community members expressed concerns, comparing the project to TerraUSD (UST), which caused ...

Announced today at Cardano Summit 2021 in Wyoming, Charles Hoskinson and Shahaf Bar-Geffen said the COTI platform would be the official issuer of Djed, a new stablecoin for Cardano. The company was ...