![Cardano’s [ADA] Stablecoin Djed took advantage of the gap left by…](https://i.headtopics.com/images/2023/3/4/cryptoamb/cardano-s-ada-stablecoin-djed-took-advantage-of-th-cardano-s-ada-stablecoin-djed-took-advantage-of-th-1631784768965681155.webp)
Djed became Cardano’s fourth-biggest project. The development team was working towards an increase in adoption with the option to borrow and use the stablecoin as collateral. Cardano’s [ADA] stablecoin Djed which launched on 31 January, has surpassed many projects in the ecosystem to become the fourth largest. Created by the blockchain’s development group Input Output […]
details of the development
According to the blog post, COTI admitted that it was glad about the milestone. And its next focus was to expand Djed’s adoption and establish more use cases for it and Shen, Djed’s reserve coin. The publication read,
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