Cryptocurrency Analysis and News Portal
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The reserve ratio of Djed, an algorithmic stablecoin designed for the Cardano ecosystem by Input Output Global (IOG), has fallen to 300%, real-time data on June 11 shows. The drop is amid dumping cardano (ADA) prices. Djed reserve
Read More
Djed started on Tuesday and has a collateral backing ratio of 600% at the time of writing. Original Source
Read More
Since the fall of the Terra (LUNA) algorithmic-stablecoin in mid-2022, many users in the crypto space have developed a weariness towards that particular asset class. The market for algorithmic stablecoins has dropped 10 times what it was at its all-time high prior to the Terra incident.However, this has not stopped
Read More
The issuance of Djed’s overcollateralized stablecoins has been a much-hyped topic in the Cardano community. Original Source
Read More
Djed is expected to go live on over 40 Cardano-based decentralized finance applications (dApps) on launch, as per a November report on The Block. Developers have simultaneously developed DjedPay, a payments application that uses djed, that would allow users to transfer the tokens to merchants and businesses. Source
Read More
Based on a discovery from a new stablecoin test of Cardano, Rick McCracken has predicted a close launch date for Djed mainnet. Rick McCracken, the owner of the ADA staking pool, DIGI, and also a Cardano supporter, did not hesitate to make his findings and prediction known via his Twitter
Read More
Proof-of-stake blockchain platform Cardano and blockchain payment platform Coti will launch an algorithmic stablecoin Djed in January 2023, according to a Monday press release.See related article: SBF: FTX stablecoin, ‘Second Great Stablecoin War’ are comingFast factsThe algorithmic stablecoin is undergoing audit and stress tests, said the press release.Djed, backed by
Read More
Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs. VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an enterprise-grade financial technology platform focused on decentralized payments and digitization for any form of currency, could be on the verge of a
Read More