Cardano (ADA) stablecoin Djed will go live next week

The upcoming Djed protocol’s stablecoin, Djed, and its Shen governance token will list on Cardano-based decentralized exchanges (DEX) MuesliSwap and MinSwap after their issuance next week, as per tweets from the two DEXs.

Djed is a formally verified algorithmic stablecoin for Cardano that is backed by cryptocurrency, IOG, the company behind the development of Cardano, designed the stablecoin, while COTI Group is responsible for issuing it. The stablecoin was announced back in September 2021.