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Tag: algorithmic stablecoins

Cardano’s New Algorithmic Stablecoin DJED

Since the crash of the TerraUSD (UST) algorithmic stablecoin in May 2022, many users in the crypto ecosystem have acquired a weariness against that...

Hong Kong to mandate stablecoin licensing as early as this year

Hong Kong will introduce a mandatory licensing regime for stablecoin issuers as early as this year, and won’t allow algorithmic stablecoins, the Hong Kong...

Cardano’s New Algorithmic Stablecoin DJED Faces Same Fate As Terra Luna’s UST?

On January 31, layer-one protocol COTI officially introduced DJED, the native stablecoin for the Cardano (ADA) network. The introduction of the Djed stablecoin...

Hong Kong will not tolerate algorithmic stablecoins in new regulation

In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the...

COTI’s $DJED Stablecoin: What Is $SHEN and How Its Holders Can Earn Delegation Rewards

This article looks at Djed ($DJED), which is an “overcollaterized” Cardano-powered stablecoin developed by IOG and issued by FinTech startup COTI Group, and in particular,...

What is Unit Protocol?

Due to the inherent volatility of the crypto market, stablecoins are instrumental in transferring on-chain value and securing loans. Unit Protocol is a decentralized finance...

What was Luna

Last May, LUNA, the native token for the Terra ecosystem, was swept up in one of the most impactful failures in crypto. By some...

Top 10 Crypto Investments for 2023!

<!-- --> Well, folks, it’s 2023 and we have all made it through the brutal nightmare that was 2022 alive. Time...

Djed Review: Cardano’s Algorithmic Stablecoin solution.

<!-- --> Despite what the name implies, many stablecoins haven’t proven to be very stable in recent years. The ramifications of...

Pace of Huobi Withdrawals Subsides as USDD Sees Renewed Slide

The pace of withdrawals from crypto exchange Huobi slowed on Sunday, according to data from Nansen, despite a recent slide in the price of...

COTI CEO differentiates Djed as overcollateralized stablecoin

Shahaf Bar-Geffen, the CEO of COTI, said Djed is an overcollateralized stablecoin and not an algorithmic stablecoin.During COTI’s first update of...

Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers

2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem...

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