- Djed didn’t lose its USD peg throughout the current chaos in the stablecoin market,
- Djed’s TVL saw gains of 17% given that the USDC depegging legend,
Cardano’s [ADA] stablecoin Djed, which introduced previously this year, might quickly broaden to other layer-1 networks like BNB Chain [BNB] and Ethereum [ETH].
Read Cardano’s [ADA] Cost Forecast 2023-24
The CEO of COTI, the company which established Djed in cooperation with Input Output HK (IOHK), stated that the growth was constantly part of the job scope however they will work towards it with higher focus.
The CEO included that they got a number of demands from non-Cardano DeFi procedures to have actually the stablecoin introduced on their blockchains.
” Djed will be on other chains also.|Here’s what the metrics state
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