Cardano is going to have its first Stablecoin —Djed— soon, giving space to cheaper transactions and making it easier to run DeFi projects.
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many and the few and bring about positive global change. https://twitter.com/cardano
A stablecoin is a cryptocurrency designed to maintain a stable value with respect to a reference. The best-known stablecoins are cryptocurrencies like USDT or Stasis, which are pegged to fiat currencies such as the dollar or the Euro. However, there are cryptocurrencies whose value is pegged 1:1 to other commodities such as gold (like Digix) or even to other cryptocurrencies or baskets of cryptocurrencies.
There are several methods to achieve this relationship, ones more effective than others. The most popular is the holding or blocking of an amount of the reference asset that supports the issuance of a proportional amount of the correspondent stablecoin: For example, the market capitalization of USDC is $3,677,063,935 because there are 3,677,063,935 USDC tokens in circulation and Circle holds $3,677,063,935 in collateral. : https://cryptopotato.com/cardano-will-soon-have-its-first-stablecoin/
Emurgo, the commercial and venture arm of Cardano, is investing $100 million to boost decentralized finance (DeFi), non-fungible token (NFT) products and blockchain education efforts for the world’s fourth-largest blockchain.
- Announced during the Cardano Summit 2021 on Sunday, Emurgo CEO Ken Kodama said the investment would “accelerate the development of the Cardano ecosystem.”
- “We will create a dedicated operation from 2022,” said Kodama in a tweet following the announcement on Sunday.
- Emurgo is one of the founding entities of Cardano and provides solutions for developers, companies, and government.
- The investment arm also announced Sunday it would be pouring additional funding into African artificial intelligence, blockchain and smart technologies firm Adanian Labs. https://cointelegraph.com/news/stablecoin-launch-and-nft-integration-back-coti-s-rise-to-a-new-all-time-high
Birmingham, UK, Sept. 28, 2021 (GLOBE NEWSWIRE) — Ardadex Protocol is the first decentralized finance to provide both DEX and NFT marketplace. Ardadex Protocol has announced its public launch on Cardano Blockchain network. The DeFi token $Ardan, which prides itself on being the next generation of DeFi “built to disrupt the traditional financial ecosystem,” is powered on Ardadex Ecosystem.
The Ardadex Ecosystem is the parent company of promising projects like Ardadex swap and Ardadex NFT marketplace for Digital Creators, Musicians, Artistes and online creators to Mint & trade digital commodities as NonFungible Tokens. https://www.globenewswire.com/news-release/2021/09/28/2304858/0/en/Ardadex-Protocol-Launch-The-First-AMM-and-NFT-marketplace-on-Cardano.html