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Cardano Reactivates Testing of Djed Stablecoin With Brand New Capabilities

Despite the recent setbacks, the cryptocurrency sector continues to expand, led by the developments and innovations of major ecosystems such as the Cardano (ADA) network, which has recently renewed its stablecoin tests.

As it happens, the testnet version 1.1.1 of the Djed stablecoin has been reactivated to include new capabilities, such as Vasil hard fork compatibility, activity history, and more, according to the announcement shared by the Djed team on December 6.

Djed is the first algorithmic stablecoin to be issued on Cardano’s proof-of-stake (PoS) blockchain, and the recent reactivation of its testnet has also included the display of DJED and SHEN (the reserve coin) logos and icons on the Nami wallet used by the Djed testers.

(by Ana Nicenko)

Cardano Djed ADA stablecoin
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