Cardano set to onboard game-changing algorithmic stablecoins
Cardano and IOST have revealed that they will be taking a cue from Terra by launching algorithmic stablecoins backed by cryptocurrencies.
According to a blog post on Wednesday, Cardano’s algorithmic stablecoin offering Djed is now live on the testnet. Cardano’s Djed was first announced in September last year and is expected to be used to pay fees on the Cardano network.