With this new listing, the release of Cardano’s overcollateralized stablecoin, Djed, is significantly closer.
Cardano’s Djed stablecoin has gained a new listing, according to a recent statement posted by the COTI network. Djed’s partner and DEX on the Cardano network, Muesliswap, has stated that it would be listing Djed and its reserve currency ‘Shen’.
Cardano’s largest DEX (as measured by Defi TVL domination) Minswap has just announced the addition of ADA/DJED and ADA/SHEN trading pairings to its platform.
Bitrue, a Singapore-based exchange, will be the first to offer DJED and SHEN, since it has announced an exclusive dual listing of both coins.
As anticipation for the forthcoming release of the Djed stablecoin increases, the COTI network has turned to Twitter to provide updates on the Djed wallet. It indicates that the Nami wallet integration for CIP-30 is prepared for mainnet. Adam Dean, a Cardano engineer, will have his recommendation implemented on the testnet. Finally, COTI announces that eternlwallet will be the next wallet to be added.
Adam Dean disclosed further information on CIP-30, a Cardano enhancement proposal that will provide website interaction capability to Cardano-based hot wallets, bridging crypto asset storage with decentralized apps.
The COTI network announced that the introduction of Cardano’s overcollateralized stablecoin, Djed, is expected for next week, bringing the launch date considerably closer.
The official Twitter account for Djed confirmed this, stating that the debut of the overcollateralized stablecoin was imminent. However, no particular date information has been provided as of yet.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.