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Will Djed make the most of stablecoin turmoil? Here’s what the metrics say
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Cardano’s [ADA] stablecoin Djed, which launched earlier this year, may soon expand to other layer-1 networks like BNB Chain [BNB] and Ethereum [ETH].
Read Cardano’s [ADA] Price Prediction 2023-24
The CEO of COTI, the firm which developed Djed in collaboration with Input Output HK (IOHK), said that the expansion was always part of the project scope but they will work towards it with greater focus.
The CEO added that they received several requests from non-Cardano DeFi protocols to have the stablecoin launched on their blockchains.
<p lang=«en» dir=«ltr» xml:lang=«en»>«Djed will be on other chains as well. Obviously on Ethereum and Binance Smart Chain just to name a few…because defi ecosystems need a stablecoin that is stable and reliable.@shahafbg $Djed $Shen $Ada $Coti @COTInetwork pic.twitter.com/eS8j3bxHNJ—
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