Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
TipRanks 2022-11-23 15:15:15

Stablecoins $USDA and COTI’s $DJED Coming to Cardano in 2023

Smart contract blockchain Cardano is currently working on introducing two new stablecoins, both of which aim to deliver greater stability to stablecoins. The Cardano development team will roll out the first fully-regulated, fiat-backed, USD-pegged $USDA stablecoin alongside an over-collateralized algorithmic stablecoin issued by COTI titled $DJED in 2023. Stablecoins, originally designed to act as a solution against the volatility of cryptocurrencies, have come under intense scrutiny of late. At the heart of the issues are concerns about the working principles of stablecoins, especially fiat-backed and algorithmic stablecoins.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.