Djed is likely to launch on February 1! Amazing! The launch of Djed has the potential to greatly benefit the Cardano ecosystem and increase its visibility in the DeFi space, as stablecoins are commonly used to facilitate entry and exit for investors in the cryptocurrency market. Check their website for more information. The numbers displayed on there are more and more impressive as we’re getting closer to the release:
Djed is also growing the partners list with the recent inclusion of MuesliSwap:
More on the Djed release In this video:
As the issuer of Djed, COTI is responsible for releasing the smart contracts for the stablecoin and interacting with those who want to mint the stablecoin and the reserve coin used in the pegging algorithm, including funds, businesses, developers and others.
The release of Djed will be an incredible step forward allowing people to pay each other with a stable token. It will also be a demonstration of the Cardano superiority: a way to prove to the world that the slow approach to implementation is the way to go in that domain.
I’ve even asked chatGPT what it thinks about Djed, answer:
“As an AI, I don’t have personal preferences or opinions. However, Djed is a stablecoin project that is being developed on the Cardano blockchain. The idea behind the stablecoin is that it will be pegged to a reserve coin, which will be used as a part of the pegging algorithm. The launch of Djed on the Cardano network is highly anticipated by ADA holders as it has the potential to significantly contribute to the growth of the Cardano ecosystem and make the Ethereum (ETH) competitor gain more visibility in decentralized finance (DeFi).”
