The firm behind a US dollar-pegged stablecoin built on Cardano (ADA) plans for it to be available on blockchains like Ethereum (ETH), Binance Smart Chain, and more. In a new video posted to the Djed (DJED) stablecoin Twitter page, COTI CEO Shahaf Bar-Geffen says DJED will migrate to other blockchains because all decentralized finance (DeFi) ecosystems could use a reliable stablecoin. Bar-Geffen explains why DJED didn’t lose its peg during this month’s market turbulence. “Last week’s events caused some market turbulence. We’ve seen major stablecoins losing their peg… DJED did not lose its peg. Why is that so? Because DJED employsGo to Source
Author: NixCoin