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TechFlow news: The first decentralized stablecoin on the Cardano ecosystem, Djed, has officially launched on the mainnet. Developed jointly by IOG, the code custodian of Cardano, and Layer 1 blockchain Coti, Djed requires collateral worth over 400% of its issued value.
In addition, developers have also introduced DjedPay, a payment solution utilizing Djed that enables users to transfer tokens to merchants and businesses.
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Cardano's first decentralized stablecoin, Djed, has officially launched on the mainnet. Developed jointly by Cardano code maintainer IOG and Layer 1 blockchain Coti, Djed requires collateral worth over 400% of the issued value. Additionally, the developers have introduced DjedPay, a payment product utilizing Djed that enables users to transfer tokens to merchants and businesses.
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