The Stable Coin Bull Case For Cardano

Photo by Jp Valery on Unsplash

A range of algorithmic Stable coins, most notably Djed being issued by Coti, are launching on Cardano, I believe this will cause sustained price increases, here’s why:

What is an algorithmic Stablecoin

These coins are “pegged” to a fiat currency or other asset without holding the underlying asset. In the case of Cardano, users will be able to deposit…