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Cardano’s [ADA] Stablecoin Djed took advantage of the gap left by…

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Cardano’s [ADA] stablecoin Djed which launched on 31 January, has surpassed many projects in the ecosystem to become the fourth largest.

Created by the blockchain’s development group Input Output in collaboration with the COTI network, Djed serves as the algorithmic stablecoin for Decentralized Applications (dApps) in the Cardano ecosystem.

How much are 1,10,100 ADAs worth today ? COTI, the blockchain enterprise provider revealed details of the development via a 2 March Medium post.

It is significant to acknowledge that the Layer one (L1)- focused firm accrues fees into its treasury through the usage of the stablecoin.

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