Cardano’s Djed stablecoin closer than ever to deployment

Cardano’s algorithmic stablecoin, Djed, developed in collaboration with COTI Network, is now in its final stage of completion. The Djed team stated earlier that it was awaiting the Vasil upgrade as the hard fork will allow for the scalability required to safely run Djed on the mainnet.

Now that Vasil has successfully launched with full capabilities deployed, the COTI Network has shared what might be next for the much-awaited stablecoin deployment. However, no specific date has been communicated yet on the mainnet deployment.