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The COTI-issued stablecoin Djed has deppeged across all Cardano decentralized exchanges as the token’s reserve ratio recently fell below par. 
<a class="editor-rtfLink" href="https://thecryptobasic.com/2023/01/31/djed-finally-goes-live-as-coti-launches-cardano-stablecoin-on-mainnet/" target="_blank" rel="noopener">Launched </a>&nbsp;on mainnet in January 2023, the Cardano algorithmic stablecoin Djed is already causing&nbsp; <a class="editor-rtfLink" href="https://twitter.com/Hyperion_Goose/status/1676469996514422784?t=aAuiMZGE4Y6RN70fmdFiMg&amp;s=19" target="_blank" rel="noopener">problems </a> related to de-pegging and unminting for its users, The Cardano Times (TCT) revealed. 
<h2 id="span-data-preserver-spaces-true-djed-depegs-as-reserve-ratio-slumps-span">Djed Depegs as Reserve Ratio Slumps </h2>
According to the free media network of Cardano, the reserve ratio of Djed has fallen below the percentage range needed to keep the algorithm-based stablecoin stable. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24DJED&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DJED</a> <a href="https://twitter.com/search?q=%24DJED&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DJED</a> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> <a href="https://twitter.com/search?q=%24DJED&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DJED</a> <a href="https://t.co/mZLUd0E2bC">pic.twitter.com/mZLUd0E2bC</a> 
 <a href="https://twitter.com/TheCardanoTimes/status/1676450060756992003?ref_src=twsrc%5Etfw">July 5, 2023</a> 
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Notably, Djed’s reserve ratio was designed to stay within the range of 400% to 800% to maintain parity with a dollar constantly. 
However, the Cardano stablecoin’s reserve ratio has declined to 346% per a snapshot shared on Wednesday by&nbsp; TCT.&nbsp; As of July 4, its base reserve had roughly 39, 343,556 ADA, equivalent to 11,555,202 DJED tokens. 
<figure id="attachment_51584" aria-describedby="caption-attachment-51584" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-medium wp-image-51584" title="DJED Reserve" src="https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-600x255.jpg" alt="DJED Reserve" width="600" height="255" srcset="https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-600x255.jpg 600w, https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-1024x435.jpg 1024w, https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-768x327.jpg 768w, https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-1536x653.jpg 1536w, https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-150x64.jpg 150w, https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-300x128.jpg 300w, https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-696x296.jpg 696w, https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve-1068x454.jpg 1068w, https://thecryptobasic.com/wp-content/uploads/2023/07/DJED-Reserve.jpg 1891w" sizes="(max-width: 600px) 100vw, 600px">
 <figcaption id="caption-attachment-51584" class="wp-caption-text">
 The Cardano Times
 </figcaption> 
</figure>
This has resulted in the inability of users to un-mint their tokens through the Djed protocol. The stablecoin, which has the DAG-based Layer-1 protocol COTI as its official issuer, has depegged on all Cardano decentralized exchanges. 
The tweet revealed:&nbsp; ...
<a href="https://thecryptobasic.com/2023/07/05/cardano-stablecoin-djed-depegs-as-its-reserve-ratio-falls-causing-unminting-issues/">Read more</a>

Cardano Stablecoin DJED Depegs as its Reserve Ratio Falls, Causing Unminting Issues

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