The first decentralized stablecoin of the Cardano ecosystem, Djed, has officially launched on the mainnet

ChainCatcher news, the first decentralized stablecoin in the Cardano ecosystem, Djed, has officially launched on the mainnet. This stablecoin is jointly developed by Cardano code maintainer IOG and Layer 1 blockchain Coti. Djed requires over 400% collateral value to be provided before issuance. Additionally, the developers have also created DjedPay, a payment product using Djed that allows users to transfer tokens to merchants and businesses. (source link)