bitcoin
Bitcoin (BTC) $ 23,319.25
ethereum
Ethereum (ETH) $ 1,651.04
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 328.57
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.409082
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.093478
cardano
Cardano (ADA) $ 0.399535
solana
Solana (SOL) $ 24.39
matic-network
Polygon (MATIC) $ 1.22
polkadot
Polkadot (DOT) $ 6.85
tron
TRON (TRX) $ 0.063357
bitcoin
Bitcoin (BTC) $ 23,319.25
ethereum
Ethereum (ETH) $ 1,651.04
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 328.57
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.409082
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.093478
cardano
Cardano (ADA) $ 0.399535
solana
Solana (SOL) $ 24.39
matic-network
Polygon (MATIC) $ 1.22
polkadot
Polkadot (DOT) $ 6.85
tron
TRON (TRX) $ 0.063357
Saturday, February 4, 2023
HomeCoinsCardanoCardano Stablecoin Djed to Be Launched This Month, Dates Not Revealed

Cardano Stablecoin Djed to Be Launched This Month, Dates Not Revealed

  • Djed is predicted to be launched within the month of January on Cardano’s mainnet.
  • It’s an over-collateralized stablecoin backed by ADA which is Cardano’s native forex.
  • The stablecoin is being developed by COTI which is a decentralized community for cost transactions

Djed, which is an over-collateralized secure coin is all set to be launched this month and has garnered optimistic reactions from the Cardano group.

A Twitter analyst from the group mentions in his thread that Djed will begin out with choices on 3 DEXs with farming rewards to incentivize offering liquidity. Other than that, COTI community which is creating Djed shared the roadmap and is predicted to go on with its launch in January for which the dates haven’t been disclosed.

Moreover, because the information of the stablecoin’s launch, Cardano noticed some optimistic motion. Nevertheless, it has dropped by 1.6% within the final 24 hours based on Coingecko.

On sixth January 2022, Djed Stablecoin’s workforce up to date on their Twitter deal with in regards to the testnet model and Djed being reactivated with new capabilities. In line with the workforce, “Testnet model 1.1.1 of $Djed has been reactivated with new capabilities reminiscent of Vasil arduous fork compatibility, exercise historical past and extra! You possibly can check it utilizing $tADA right here.”

The stablecoin is being developed by COTI with IOHK. It’s an over-collateralized secure coin which is meant to behave like an autonomous financial institution which buys and sells stablecoin for a worth vary pegged to a goal worth.

Djed is being backed by ADA which is Cardano’s native forex. Customers will be capable of ship ADA to the governing good contract and would be capable of obtain Djed in trade. Its aim is to grow to be the coin used to pay all of the transaction charges on the Cardano community. As a substitute of risky fuel charges, it will permit for a constant, predictable transaction price.

See also  ADA’s Value Breaks Beneath Its Multi-Week Consolidation Channel

Furthermore, Djed will likely be utilizing its personal cost system DjedPay, appropriate for each retailers and non-profit organizations.

BitcoinMasterNews

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Explore More

Related Articles