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Cardano-Based Overcollateralized Stablecoin Djed to Launch Next Week

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Djed is expected to go live on over 40 Cardano-based decentralized finance applications (dApps) on launch, as per a November report on The Block. Developers have simultaneously developed DjedPay, a payments application that uses djed, that would allow users to transfer the tokens to merchants and businesses.

Source: CoinDesk