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The Crypto Basic 2023-07-05 08:50:11

Cardano Stablecoin DJED Depegs as its Reserve Ratio Falls, Causing Unminting Issues

The COTI-issued stablecoin Djed has deppeged across all Cardano decentralized exchanges as the token’s reserve ratio recently fell below par. Launched on mainnet in January 2023, the Cardano algorithmic stablecoin Djed is already causing problems related to de-pegging and unminting for its users, The Cardano Times (TCT) revealed. Djed Depegs as Reserve Ratio Slumps According to the The post Cardano Stablecoin DJED Depegs as its Reserve Ratio Falls, Causing Unminting Issues first appeared on The Crypto Basic .

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