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Invezz 2023-07-05 10:34:44

Cardano stablecoin DJED de-pegs after failure to maintain reserve ratio

Cardano-based stablecoin Djed (launched in January 2023) is causing issues associated with de-pegging. Moreover, users are encountering token un-minting challenges. Djed has de-pegged on all Cardano decentralized exchanges (DEXs) as its reserve ratio plunges beneath desired levels. Djed stablecoin de-pegs after reserve ratio dip The Cardano Times (TCT) has confirmed that Djed’s reserve ratio has The post Cardano stablecoin DJED de-pegs after failure to maintain reserve ratio appeared first on Invezz .

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