The long-awaited launch date of the ‘Djed’ Cardano stablecoin has been announced. ADA prices have tanked today, but there could be a revival next week.
On Jan. 25, the COTI Network announced that the Cardano stablecoin would be launched next week. It did not specify a day, but previous blog posts have indicated that it will be before the end of January.
It added that the only thing holding up the launch was the chain index syncing process, it stated. This was started a week ago and is scheduled to take 14 days, suggesting the launch date could be around Feb. 1.
COTI also announced that DJED and its balancer coin SHEN would be listed on the Bitrue exchange.
Source: https://beincrypto.com/cardano-stablecoin-djed-launch-announced-how-ada-prices-react/