Cardano’s (ADA) decentralized finance (DeFi) ecosystem is evolving rapidly on the back of recent developments, according to the Ethereum (ETH) rival’s developers. In a new update, Cardano developer Input Output Global (IOG) says that the introduction of ADA-backed stablecoin Djed has helped the DeFi ecosystem expand greatly as of late. Djed, created by payments platform The post Cardano DeFi Taking Off As ADA-Backed Stablecoin Djed Unlocks Opportunities: Input Output Global appeared first on The Daily Hodl .
