The blockchain research and engineering company has downsized its workforce while transitioning towards a more streamlined venture studio business model.
This tool, which is the first of a series of planned products, is designed to accelerate transaction processing speed on the Cardano network.
Certain investors attribute the 4.9% increase in total market capitalization over the past 24 hours to the expectation of the Fed easing.
As just revealed during the Cardano Summit by none other than Charles Hoskinson, Cardano’s founder, COTI will become the official Djed issuer, Cardano’s new stablecoin. Djed is a stablecoin based on an algorithmic design. It uses smart contracts to ensure price stabilization, and the coin will be useful for decentralized finance (DeFi) operations.
The Djed stablecoin is the first stablecoin issued on the Cardano blockchain, and unlike most other stablecoins, Djed actually differs quite drastically from the norm and does a few different things that make it stand out from the rest. The Djed Stablecoin is an algorithmic protocol that is pegged to a target price ($1USD).
At the Cardano summit in September Charles Hoskinson and Coti CEO Shahaf Bar-Geffen announced that Coti would be the official Djed issuer. Coti will write all Djed contracts and run the front end interacting with funds, enterprises or anyone that wishes to mint reserve coins and stablecoins.
Stable coins main goal is to eliminate volatility so everyday business can take place in a decentralized, transparent, immutable and secure way. Djed is another huge part of Cardano’s vision of “Realfi”.
CARDANO GEM: DJED Stablecoin Explained iUSD Video: https://youtu.be/qGiIlgRsNvA How To Stake Your ADA: ...
We've given you our best advice, but before you read Cardano Stablecoin Djed, be sure to do your own research. The following are some potential topics of inquiry:
What is Cardano Stablecoin Djed?
What is the future of Cardano Stablecoin Djed?
How to Cardano Stablecoin Djed?
Our websites are regularly updated to ensure the information provided is as up-to-date as possible in regards to Cardano Stablecoin Djed. Take advantage of internet resources to find out more about us.
Coti is partnering with WingRiders to integrate the Djed stablecoin! Gianna discusses what this means for the Cardano community ...
DJED Cardano's stablecoin gets a partnership with Canza Finance / Jara Network. Will this catalyst be enough to lift ADA ...
Καλώς ήρθατε στo ALL DAY CRYTPO Στο σημερινο επεισοδιο θα αναφερθουμε στο COTI και το stable coin Djed πανω στο ...
Shahaf gives update on the long awaited Djed Algorithmic Stablecoin's Release Date to Mainnet. This is a clipped video from a ...