Algorithmic Stablecoin

Cardano [ADA] impacted in this manner following DJED’s launch

by

Cardano’s overcollateralized stablecoin DJED launched on the mainnet on 31 January.  Increased DJED minting led to a jump in on-chain activity for ADA. Following several months of development, Cardano’s [ADA] native over-collateralized stablecoin Djed [DJED] launched on the network’s mainnet on 31 January.  How much are 1,10,100 ADAs worth today? DJED is pegged to the … Read more

Bitcoin is ‘suboptimal,’ but what about ADA as a national currency

by

The Latin American nation of El Salvador made headlines worldwide last month when it became the first country ever to officially recognize Bitcoin as legal tender. While both critics and proponents remain in abundance, the country has managed to popularize the use of the top cryptocurrency. Albeit, with a few hiccups along the way. It’s … Read more