A new decentralized stablecoin based on smart contract platform Cardano (ADA) is quickly gathering millions of ADA in its reserves. According to data from Djed (DJED), the new stablecoin has seen a parabolic rise in its reserve assets, leaving it overcollateralized as intended. The data shows that DJED has a 591% reserve ratio with just The post New Cardano-Based Stablecoin DJED Quickly Attracts Over 27,000,000 ADA in Reserves appeared first on The Daily Hodl .
