The new algorithmic stablecoin is pegged 1:1 with the U.S. dollar while backed by ADA, the native token of the Cardano ecosystem.
Tagged By Cardano Layer1
Here’s why Ethereum-killer Cardano whales are shedding their ADA holdings
Cardano whales have been shedding their holdings since the Ethereum-killer climbed above the $0.38 level on January 21. ADA price has broken out of the multi-month downtrend and the next bullish …
Better Buy: Cardano vs. Solana
Solana can offer transaction speed and cost advantages in many scenarios. But investors shouldn’t overlook other characteristics and market-shaping events that may tilt things in Cardano’s favor.
Could Cardano Hit $1 With This New Catalyst?
For Cardano, this new stablecoin represents more than just a new product launch — it is the next step of a bold new strategy based around decentralized finance (DeFi), one of the most important …
Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week
The upcoming Djed protocol’s stablecoin, djed, and its Shen governance token will list on Cardano-based decentralized exchanges (DEXs) MuesliSwap and MinSwap after their issuance next week, as per …
Cardano adds 50,000 wallets in January as $4.5 billion floods ADA’s market cap
Cardano has carried over its tremendous growth from 2022 into 2023 with network continuing to see a number of developments already.