Investing
January 31, 2023 10:14 pm
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 native coin, while SHEN will serve...
In updating Djed’s progress, COTI gave “next week” as the scheduled launch date for the Cardano-based stablecoin.During a recent video presentation, COTI CEO Shahaf Bar-Geffen said the final rollout is expected sometime in January. In the talk, Bar-Geffen...
Shahaf Bar-Geffen, the CEO of COTI, said Djed is an overcollateralized stablecoin and not an algorithmic stablecoin.During COTI’s first update of 2023, Bar-Geffen took the opportunity to make clear that the soon-to-be-launched Djed stablecoin is to...
