Month: Januar 2023

• Djed, a Cardano-based overcollateralized stablecoin, is set to launch next week. • Djed will be integrated with over 40 Cardano-based decentralized finance applications (dapps) upon launch. • DjedPay, a payment app that uses djed, will allow users to transfer the tokens to merchants and businesses. Cardano, the decentralized open-source blockchain network, is set to launch its own stablecoin, Djed, next week. Developed by IOG, the Cardano code maintainer, and Coti, a layer 1 blockchain, Djed is an overcollateralized stablecoin that requires more than 400% in collateral value to be posted before it is issued to a user. This mechanism … Continue reading Cardano Launches Djed: Overcollateralized Stablecoin for Secure Payments

• The crypto market capitalization dropped 3.5% in the past 24 hours following a decline in U.S. equity markets. • Ether and dogecoin led the slide among major tokens, falling more than 5%, while bitcoin lost just 1.6%. • Outside of majors, Avalanche (AVAX) and Lido (LDO) dropped 7.7% and 10%, respectively. The crypto market has taken a hit in the last 24 hours, as traders have likely taken profits following weeks of an uptrend. With U.S. equity markets also pulling back, crypto market capitalization has decreased by 3.5%, leaving the total market just over $1 trillion. Leading the slide … Continue reading Crypto Market Drops 3.5%, Major Tokens See Steep Losses