Cardano founder Charles Hoskinson shared an update about Djed, the Cardano-based stablecoin.
Charles Hoskinson, CEO of IOG and founder of Cardano, continues to share developments about Cardano. This time, Hoskinson shared updates about COTI, which is building a Cardano-based stablecoin called Djed, via his Twitter account.
https://twitter. com/IOHK_Charles/status/1474421700905242626
The article allows users to send multiple orders at the same time, cancel pending orders, etc. It was stated that the main functions that will allow
Djed is a stablecoin that will use smart contracts to maintain a base currency reserve in an autonomous bank that will also operate using smart contracts. Thus, users will be able to use stablecoins for DeFi-based transactions. It is stated that Djed, which will be pegged to USD first, will also be compatible with other traditional currencies. Djed is the first stablecoin to be “officially verified,” according to IOG, the company behind Cardano.