Cardano-based decentralized stablecoin Djed will hit mainnet in January

Djed will be integrated into 40 apps in the Cardano ecosystem.Developers announced the move at the Cardano Summit event in Lausanne, Switzerland.

Backed with crypto assets instead of fiat money, Djed has been developed by a firm called Coti in collaboration with Cardano lead developer Input Output. The stablecoin is designed to be overcollateralized, meaning that it is backed by excess collateral in the form of cryptocurrency held in a reserve. This is a similar design used by dai, the most popular decentralized stablecoin in the Ethereum ecosystem. Each Djed will require more than 400% in collateral value to be minted.

Wow, the commwnts here are so negative. Where is the CardanoCommunity and discosolaris community to lighten things up a little bit 🎉🤗🥂

FTFY: One of many stables coins being released on Cardano

I bet stablecoin regulations come out first and bury's Djed.

Well, I think I will stay with USDT

It looks like fiat backed stablecoins are much better. So, I’m going to stay with Tether.

Stablecoins like Tether sounds a lot better.

.lioryaffe Jelurida how's that senior game or yours meanwhile going? Completely out of touch 🤬

Hopefully they dont push it back, again 😒

SECGov sounds like a security. IOHK_Charles is doing this under your nose. I would like my whistle blowers reward.

The stablecoin that hasn't been released already died?

D(j)ed

This coin is djed in the market under current condition

January what? 2030?

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