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CryptoGlobe

2023-02-13 23:42:00

Cardano-Powered Algorithmic Stablecoin $DJED Now Backed by Over 31.5 Million $ADA

Cardano-Powered Algorithmic Stablecoin $DJED Now Backed by Over 31.5 Million $ADA

The recently launched Cardano-powered algorithmic stablecoin Djed ($DJED) is now backed by over 31.5 million $ADA tokens, as its adoption keeps on growing and its reserve ratio remains high. According to data from the project’s website, DJED’s reserve ratio currently stands at 488%, with 31.6 million $ADA backing a total of 2.27 million $DJED tokens

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