Djed, the Algorithmic Stablecoin, Finally Goes Live on Cardano | CryptoExplorer ✪

Djed, the Algorithmic Stablecoin, Finally Goes Live on Cardano Mainnet
The collapse of UST, the algorithmic stablecoin on the Terra 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 announced “a new era of stablecoins” with the launch of Djed. Read more