COTI Network CTO Shahaf Bar-Geffen said in a recent podcast that Cardano-based algorithmic stablecoin Djed will be launched soon and he is “very excited” about the upcoming product.

At the Cardano Summit in November, Bar-Geffen initially announced that the algorithmic stablecoin Djed would be launched on the mainnet in January 2023.

As previously reported, the stablecoin was in the final stages of development in September and began testing enhanced functionality earlier this month. According to Bar-Geffen, the team must ensure that the stablecoin Djed is compatible with the Vasil upgrade. (U.Today)