Odaily Planet Daily News Cardano developers announced that its first decentralized stablecoin Djed will be launched on the mainnet in January. Djed was developed by Coti in cooperation with Cardano's chief developer Input Output. It has been developed for more than a year and is a decentralized stablecoin soft-pegged to the US dollar. When Djed is launched, it will be integrated into 40 applications in the Cardano ecosystem. It is reported that after the launch of Djed, Cardano users will be able to use Cardano's native token ADA as collateral to mint stablecoins. Stablecoins are designed to be over-collateralized, and each Djed requires more than 400% of the collateral value to be minted.