Cardano’s Djed Stablecoin Set to Revolutionize Digital Payments

• Rick McCracken, owner of ADA staking pool DIGI, predicted the close launch date for Djed mainnet.
• Djed will be Cardano’s first ADA-backed stablecoin powered by COTI Network, with a collateral rate between 400-800%.
• Djed’s testnet version was launched in December 2022 and it has partnered with Yepple Incorporated to ensure optimal usage in the Cardano ecosystem.

Cardano is set to release its first ever ADA-backed stablecoin in the coming weeks. Djed, an over-centralized stablecoin powered by COTI Network, is set to revolutionize the way we use digital currencies. The announcement of its close launch date was made by Rick McCracken, the owner of the ADA staking pool DIGI, and a Cardano supporter.

Djed is a unique stablecoin with a collateral rate between 400-800%. This means that it will be backed by the ADA cryptocurrency and will have a token, SHEN, to protect it from potential exposure to the volatility of the ADA market. In addition to this, Djed has partnered with Yepple Incorporated to ensure optimal usage in the Cardano ecosystem, and to facilitate the integration of Djed payments into NFT transactions.

The testnet version of Djed was initially launched in December 2022, and it was met with positive reviews from the Cardano community. This was followed by an official announcement from Djed’s Twitter handle on January 14, confirming that the stablecoin’s launch this month remains on track.

With the implementation of Djed’s mainnet, the Cardano community can look forward to an easier and more secure way to transact using digital currencies. The launch of Djed is a major step forward in the world of digital payments, and one that will have a lasting impact.

admin

http:

View more posts from this author