THECRYPTO.WATCH – Stablecoins make cryptocurrency market beginners feel more secure. With the launch of Cardano Djed, the new Stablecoin for Cardano, will further enliven the crypto market.
Why Stablecoins? How is it different from USDT? What are the advantages and disadvantages?
Cardano Djed, a Different Stablecoin
Cardano Djed is a Stablecoin aimed at Cardano. The launch was preceded by careful preparation by doing the Alonzo Hard Fork first.
Why choose stablecoins? Here’s the review.
Stablecoins as game changers
Cardano leaders believe that stablecoins are game changers in cryptocurrencies. Therefore, Stablecoin was chosen as the type of cryptocurrency Cardano Djed.
The nature of stablecoins that use the value of gold and USD as benchmarks attracts many novice players. But the USDT controversy may be the reason Cardano prepared its stablecoin in the best possible way.
Cardano Blockchain teamed up with COTI to launch Cardano Djed. COTI as a decentralized payment platform is a digital payment solution that is used by many institutions.
What distinguishes Cardano Djed from other stablecoins is a smart contract that stabilizes prices, maintains a reserve of base coins, and makes stablecoins as DeFi transaction facilities for their users.