Cardano Launches Djed: Overcollateralized Stablecoin for Secure Payments
• 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 … Cardano Launches Djed: Overcollateralized Stablecoin for Secure Payments weiterlesen