Cardano-based Stabilitycoin Djed will be released soon ahead of its release.
On December 25, IOGCEO and Cardano founder Charles Hoskinson posted the latest COTI news on Twitter. COTI developers worked with IOG to develop Djed Stabilitycoin on Cardano. The development team blogged an article by Djed detailing the current use of Cardano Plutus. The team is developing a key contract that will help deliver exchange rates on Oracle, allow users to place multiple orders at the same time, cancel open orders, and more. The developers are currently testing this implementation. According to this article, a preview version for UI integration will be available in a few days. Djed is a stable company that uses smart contracts to manage the results of self-regulatory businesses, and banks also use smart contracts to operate. This allows users to exchange coins permanently and use them for DeFi-based transactions. (U. Today)
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