Djed will be Cardano’s first algorithmic stablecoin

Sudarsan Karki-SuperSudar
Lets Learn Crypto
Published in
3 min readSep 28, 2021

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Cardano finally gets its own algortihmic stablecoin called Djed. It will be issued by COTI, a fintech company.
Designed by Author (Original photo credit: Ron Lach from Pexels)

Cardano Summit 2021, the biggest online blockchain event ever, was a two-day event on September 25–26 2021.

One of the biggest announcements to come out of this event was ‘Djed.’

Charles Hoskinson, the founder of Cardano, and Shahaf Bar-Geffen, CEO of COTI Group, jointly announced Cardano’s partnership with the payment gateway service provider COTI…

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