Djed is the first over-collateralized ADA-backed stablecoin contract that is developed on the Cardano network. At present, Djed has 28 Million ADA tokens as reserve backing and a reserve ratio of 620%...
Tag: CardanoBacked
Cardano-Backed Algorithmic Stablecoin Djed Hits Mainnet
After much anticipation from the Cardano community, the network developers have finally launched the ecosystem’s overcollateralized stablecoin called ‘Djed.’ Per the announcement, the stablecoin launc...