Cardano-Powered Algorithmic Stablecoin Djed Reserve Ratio Hits 630% With 29 Million $ADA Backing

The reserve ratio of the recently launched Cardano-powered algorithmic stablecoin Djed ($DJED) has now surpassed 600% after investors moved over 28.3 million $ADA to its base reserves to mint over 11.4 million DJED. According to data from the project’s website, its reserve ratio is currently sitting at 628%, while its $SHEN reserve coin’s price is […]