Djed, backed by ADA, is a stablecoin using smart contracts to maintain a $1 price for DeFi.
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Djed, created by IOG and powered by COTI, is a crypto-backed, overcollateralized stablecoin designed for DeFi. It uses smart contracts to maintain price stability around $1 by employing a reserve of $ADA. Users mint Djed by sending $ADA to the contract, which then returns Djed.
As of now, Djed is trading at 1.004936 USD, with a 24-hour trading volume of approximately 0 USD. The DJED to USD price is updated in real time. Over the past 24 hours, Djed has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 3.31M USD. Currently, there are 3 293 404.07 DJED in circulation out of a maximum supply of 1 000 000 000 000 DJED.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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