Cardano founder: Will not shut down ecological stablecoin project Djed
On October 25th, it was reported that Cardano founder Charles Hoskinson stated on the X platform that the Djed stablecoin project within the Cardano ecosystem will not be shut down and will be further supported. According to a report by Odaily in January of this year, the Cardano algorithmic stablecoin Djed was launched on the mainnet. Djed's price is anchored to the US dollar and is supported by profits from Cardano's native cryptocurrency ADA. It is reported that Djed was developed in collaboration with Coti and Input Output, the chief developer of Cardano.
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