Djed: Cardano to introduce new algorithmic stablecoin

Cardano, a proof-of-stake blockchain platform, has teamed up with COTI, a Layer 1 protocol based on DAG, to produce what it calls an over-collateralized algorithmic stablecoin.

Select partners and decentralised exchanges will integrate the algorithmic stablecoin and compensate users for supplying liquidity with Djed.

[Via]

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