The much anticipated algorithmic stablokinas on Cardano, Djed, has gone live. But the scammers didn’t miss this opportunity.
Šios collapse of UST, the algorithmic stablecoin on the Žemė ecosystem, drove negative sentiment for this category of stablecoins. This collapse last year drove the crypto industry deeper into a bear market, and investors lost billions.
The COTI team, with the help of Input Output Global (the creators of Cardano), worked for a year to re-establish trust in algorithmic stablecoins. Finally, they paskelbė “a new era of stablecoins” with the launch of Djed.
Source: https://beincrypto.com/djed-algorithmic-stablecoin-live-cardano-mainnet/