New Cardano (ADA) Stablecoin Launch Revealed – Here’s When Djed Comes Out

The developer of Cardano’s (ADA) new stablecoin has revealed when the dollar-pegged crypto is scheduled to launch.

new blog postaccording to payments firm COTI, Cardano’s new stablecoin, Djed, is set to launch within the next week.

According to the developers, the only thing preventing Djed from launching is the chain index synchronization process, which is about half done.

“We have started the chain index sync process. This process may take 14 days. We started syncing a week ago, so it should be complete and ready to start next week. At this time, this is the launch It’s the only technical bottleneck that’s holding us back.”

However, no specific release date has been revealed.

Last month, COTI announced that Djed had moved to a multi-chain network supporting private payment networks. They also announced that Djed’s deposit fees will be reduced by 50% when switching from a fixed withdrawal price to a dynamic system.

COTI said the change will help the widespread adoption of accepting cryptocurrencies as payment for goods and services.

“This launch represents a big step forward not only for the crypto industry, but also for COTI. [upgrade] Facilitate the growth of widespread adoption of crypto payments to businesses that have not yet adopted crypto payment solutions. ”

Djed’s approximate launch date revealed as Cardano developer Input Output Hong Kong (IOHK) Admit Numerous new projects on blockchain such as NFT (non-fungible token) marketplace, Metaverse space, crypto wallet, decentralized exchange (DEX) platform.

Cardano is trading at $0.358 at the time of writing, down 5.35% over the past 24 hours.

Don’t Miss a Beat – Subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook When telegram

Surf The Daily Hodl Mix

Check out the latest news headlines


Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/gg_tsukahara/Mingirov Yuriy

Leave a Reply

Your email address will not be published. Required fields are marked *