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Cardano-Centered Stablecoin Djed Set to Debut in January — ADA Poised for Rapid Adoption

The Cardano blockchain gears up to see the launch of one of its most anticipated stablecoin projects, Djed. Shahaf Bar-Geffen, the head of COTI Network, reiterated during an interview that the algorithm stablecoin would launch on the mainnet in January.

Speaking with popular Cardano-focused podcaster, ‘bigpey,’ Shahaf stated:

“Next month is our goal to launch the mainnet of Djed and Shen. Right now, you can play with the testnet on Djed.xyz.”

The Djed algorithmic stablecoin launch comes with many perks to the Cardano blockchain. Djed boasts of being backed by only cryptocurrencies — including SHEN, its reserve currency, and ADA, the native token of Cardano.

Cardano Cardano $0.97
+22.07%
Cardano stablecoin
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