Cardano DeFi Taking Off As ADA-Backed Stablecoin Djed Unlocks Opportunities: Input Output Global

May 15, 2023 The Daily Hodl

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Cardano’s (ADA) decentralized finance (DeFi) ecosystem is evolving rapidly on the back of recent developments, according to the Ethereum (ETH) rival’s developers. In a new update, Cardano developer Input Output Global (IOG) says that the introduction of ADA-backed stablecoin Djed has helped the DeFi ecosystem expand greatly as of late. Djed, created by payments platform […]

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Cardano DeFi Ecosystem Explodes As Ethereum Rival’s TVL Goes Up 172% Since Last Year: Crypto Insights Firm

April 18, 2023 The Daily Hodl

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New data from crypto insights firm Messari shows the Cardano (ADA) ecosystem’s rapid expansion over the last year. In a new report, Messari says that Cardano’s total value locked (TVL), or the amount of assets sitting within its protocols, has gone up 172% quarter over quarter (QoQ). According to Messari, the recent launch of Cardano-stablecoins […]

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Cardano (ADA)-Based Stablecoin To Migrate to Ethereum (ETH), Binance Smart Chain and More, Says COTI CEO

March 21, 2023 The Daily Hodl

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The firm behind a US dollar-pegged stablecoin built on Cardano (ADA) plans for it to be available on blockchains like Ethereum (ETH), Binance Smart Chain, and more. In a new video posted to the Djed (DJED) stablecoin Twitter page, COTI CEO Shahaf Bar-Geffen says DJED will migrate to other blockchains because all decentralized finance (DeFi) ecosystems […]

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New Cardano-Based Stablecoin DJED Quickly Attracts Over 27,000,000 ADA in Reserves

February 1, 2023 The Daily Hodl

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A new decentralized stablecoin based on smart contract platform Cardano (ADA) is quickly gathering millions of ADA in its reserves. According to data from Djed (DJED), the new stablecoin has seen a parabolic rise in its reserve assets, leaving it overcollateralized as intended. The data shows that DJED has a 591% reserve ratio with just […]

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‘New Era’ As Cardano (ADA) Based Stablecoin Djed Goes Live on Mainnet

January 31, 2023 The Daily Hodl

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Ethereum (ETH) rival Cardano (ADA) has seen its first overcollateralized stablecoin Djed (DJED) go live on the mainnet. DJED aims to be pegged with the US Dollar and is backed by Cardano’s native token ADA. Last month, Djed-issuer COTI (COTI) announced that Djed had transitioned to a multi-chain network that now supports private payment networks. It was also announced […]

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New Cardano (ADA) Stablecoin Launch Revealed – Here’s When Djed Comes Out

January 25, 2023 The Daily Hodl

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The developers of Cardano’s (ADA) new stablecoin have revealed when the dollar-pegged crypto asset is slated to launch. In a new blog post, payments firm COTI says that Djed, Cardano’s new stablecoin, is scheduled to launch sometime next week. According to the developers, the only thing standing in the way of Djed’s launch is the […]

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DeFi Blockchain Behind Cardano’s New Djed Stablecoin Announces Successful Hard Fork and Updated Fees

December 29, 2022 The Daily Hodl

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The decentralized finance (DeFi) protocol behind Cardano’s (ADA) new stablecoin says that it has successfully updated its network. According to a recent blog post by COTI Network, the scalable layer-1 behind ADA’s upcoming Djed stablecoin, the update transitioned the blockchain to a multi-token network that now supports the creation of private payment networks. “The launch […]

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Cardano Stablecoin Project Set To Debut in January As the Ethereum Rival’s Ecosystem Develops

December 22, 2022 The Daily Hodl

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A decentralized finance (DeFi) stablecoin project is gearing up for its debut on the Cardano (ADA) blockchain early next year. In a new interview with Learn Cardano Podcast host Peter Bui, head of COTI (COTI) Shahaf Bar-Geffen lays out what’s ahead for the Djed stablecoin project starting in January. “We kind of like lay the […]

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Cardano’s (ADA) First Algorithmic Stablecoin Goes Live on Public Testnet

May 8, 2022 The Daily Hodl

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Ethereum competitor Cardano (ADA) has teamed up with blockchain payments ecosystem COTI to launch a new algorithmic stablecoin. In a new blog post, COTI says that Djed, the first-ever algorithmic stablecoin built on the smart contract platform, has gone live on its public testnet. “We are excited to announce that after months of intense work […]

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