ADA-backed algorithmic stablecoin ‘Djed’ launched on Cardano
After its successful security audit, the algorithmic stablecoin, Djed, from DeFi service provider COTI, deployed on the Cardano mainnet.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
After its successful security audit, the algorithmic stablecoin, Djed, from DeFi service provider COTI, deployed on the Cardano mainnet.
Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service
Morgan Stanley is using the DTCC Tokenization Service (DTS) to put U.S. equities and Treasuries into token form, the bank said in...
Less than 10% of stablecoins are deposited in DeFi, Token Terminal finds
The low DeFi stablecoin deposits highlight untapped revenue potential for protocols and underscore Ethereum's dominance in the eco...
Chainalysis Describes Recovery Efforts After Mercado Bitcoin Security Incident
TL;DR: Chainalysis said on November 2 that it had supported tracing and containment efforts following a security incident involvin...
Canton Coin Is a ‘Digital Commodity,’ SEC Staff Say in Letter Covering Network Rewards
Minting Canton Coin (CC) as network rewards without registering it under the securities laws won’t draw an SEC staff enforcement r...
Aave and Lido lose $1.7B in massive DeFi capital drop after the Binance hack
Stablecoin contraction was evident before the breach, while Aave's temporary freeze showed how collateralized loans can coexist wi...
Democrats to Target Trump’s Crypto Ventures After Taking Congress
Bitcoin Magazine Democrats to Target Trump’s Crypto Ventures After Taking Congress House Democrats plan to open investigations int...