Djed, the stablecoin of the Cardano (ADA) ecosystem, has been launched on the mainnet after a year of development.
Cardano, one of the popular projects in the crypto industry, works hard to improve the ecosystem of the project and bring it to better places. Focusing on decentralized smart contracts and DeFi, the project made another move on the ecosystem. Developed by Input Output and Coti, Djed is included in the Cardano ecosystem.
Cardano Stablecoin Djed Released
A new one of the Cardano (ADA) ecosystem enhancements has been released. Input Output, the company behind Cardano, greeted its investors with Djed, which they developed in partnership with Coti.
The stablecoin Djed, which Cardano investors are eagerly waiting for, started to serve as of today. Djed was designed to be pegged to the US dollar and backed by the excess of ADA.
Djed is planned to be used as a stable alternative to volatile and turbulent cryptocurrencies. Djed wind started to blow in DeFi protocols in the Cardano ecosystem. Djed is expected to be integrated into 40 applications in the ecosystem.
Decentralized exchanges, MinSwap, Wingriders, and MuesliSwap, already support Djed. In addition, the Coti team stated that they want to launch DjedPay as well.
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