Djed on rise: Cardano-powered stablecoin skyrockets to multimillion all-time high in circulation cardanoada stablecoin cardanocommunity cardano djed coti $coti $djed $ada
One of the most noteworthy aspects of Djed is its reserve ratio of 400%, which means that its current circulating supply is backed by four times the amount of its outstanding coins. This provides an extra layer of security to Djed, making it a more stable and reliable option for users.
Thus, Djed's current circulating supply is backed by 16.89 million Djed, which is equal to 38.7 million ADA.Interestingly, the unprecedented minting of Djed coincided with two other attention-grabbing events.trading volume increased by more than 38% in the last 24 hours. Increased volumes in stablecoin trading were also seen earlier this month.
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