After much anticipation from the Cardano community, the network developers have finally launched the ecosystem’s overcollateralized stablecoin called ‘Djed.’ Per the announcement, the stablecoin launch comes after its successful security audit and development testing for over a year.

Djed is a community-driven Cardano-backed algorithmic stablecoin which is also a product of Coti, a decentralized financial (DeFi) solutions developer on the Cardano blockchain. Since its disclosure, Djed has been one of the anticipated news in the crypto market, especially for ADA investors, as they believe it is a good enough catalyst to move ADA significantly.

Djed Stablecoin Hits Mainnet

Though Djed launched earlier today, the stablecoin has already achieved a few listings on Cardano …