Stablecoin developers for the Cardano network announced a quick release of the pre-release version

Follow us on telegram

Asset support can be added to products for testing in the next few days

Stablecoin developers for the Cardano network announced a quick release of the pre-release version

27.12.2021 - 11:25

443

1 min

0

.

What's new? A pre-release version of the Djed stablecoin for the Cardano network should be out in the next few days. The businesses and blockchain developers will be able to add support for the asset to their products to test it. This was announced by COTI, the payment system developing the token.

The COTI message

What is known about Djed? The token is being developed with a focus on application in the DeFi projects. COTI stressed that the demand for the stablecoin promises to be high, as it can be used to pay fees in Cardano.

Djed's value should be secured by the smart contracts, the algorithms will operate the stock of the underlying coins so that the price of the stablecoin is around $1.

The pre-release version will get features such as the stablecoin collateral data, the buy/sell rate, and others. Now it has deployed smart contracts to send orders and cancel them, as well as provide quotes via oracles.

Author:

Editorial GetBlock Magazine

Useful material?

Telegram Newsletter Twitter

Incidents

Hackers exploit Taiko, steal $1.7M and force network shutdown

Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.

Jun 22, 2026

Incidents

Washington man sentenced to 5 years for laundering $97 million through cryptocurrency

The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.

Jun 10, 2026

Incidents

Hacker drains $660,000 from Polymarket's internal wallet

The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit

May 22, 2026

Incidents

THORChain loses $10.8M in hacker attack

Following the incident, the project temporarily halted trading operations and node activity.

May 15, 2026

Incidents

Claude helps recover access to 5 BTC after more than 10 years

The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file

May 14, 2026

Crypto regulations

South Korea tightens control over outbound crypto transfers

Authorities are introducing mandatory registration for companies handling cross-border crypto transactions

May 8, 2026