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The COTI network and Cardano creator IOG created the overcollateralized stablecoin Djed, which demonstrated the biggest rise in new accounts among Cardano dApps over the previous seven days.
Cardano Daily data show that Djed stablecoin has had the most rise, with a gain of nearly 14,587%.
After more than a year of planning and development, the Djed stablecoin launched on the mainnet on January 31 following a fruitful security examination. Seven days after its debut, Djed has accomplished notable feats.
A COTI network update 48 hours following the introduction of the Djed mainnet said that a total of 28 million ADA were made available on the platform.
1.85 million DJED were also issued at the time, while 40,000 were burnt.
The initial batch of Djed operating fees was delivered to COTI’s Treasury on February 3.
The public testnet of the IOG-built EVM sidechain has opened, ushering in a new age of interoperability for the Cardano network, which is good news for the ecosystem.