COTI To Issue “Djed”, The First Algorithmic Stablecoin on Cardano

September 26, 2021: Charles Hosinson, the Founder of Cardano (ADA), one of the world’s largest blockchain platforms, revealed during the Cardano Summit that COTI will serve as the official issuer of a new stablecoin, based on the Djed stablecoin protocol, for the fast-growing Cardano ecosystem. The Djed stablecoin protocol is based on an algorithmic design, which leverages smart contracts to ensure price stability.