Cardano Ecosystem Update! | Djed Stablecoin Releasing on COTI
Is ADA set for a continued run to a new support level at fifty cents?
In a recent announcement by the COTI network, Cardano's Djed stablecoin scored a new listing. Muesliswap, a Cardano-based DEX and Djed partner has announced that it will list the stablecoin Djed and its reserve coin, Shen. On this episode, we're taking a step back to dive into the Cardano ecosystem and what it's been up to recently.
As you all know, my position on ADA has been in and out on investments mainly due to what I feel are not mass adoption within the silo of crypto and web3. This will often breed to mass adoption in the mainstream, so this announcement by COTI and the potential for liquidity on the stablecoin DJED - stated as a 1:8 overcollateralized position is still something to see in action. If COTI brings more listings and the Cardano crowd follows, we may have a very interesting year for Cardano.
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