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CryptoGlobe

2023-02-02 23:17:00

Cardano-Powered Algorithmic Stablecoin Djed Reserve Ratio Hits 630% With 29 Million $ADA Backing

Cardano-Powered Algorithmic Stablecoin Djed Reserve Ratio Hits 630% With 29 Million $ADA Backing

The reserve ratio of the recently launched Cardano-powered algorithmic stablecoin Djed ($DJED) has now surpassed 600% after investors moved over 28.3 million $ADA to its base reserves to mint over 11.4 million DJED. According to data from the project’s website, its reserve ratio is currently sitting at 628%, while its $SHEN reserve coin’s price is

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