COTI Network, the official issuer of Cardano’s Djed stablecoin, has shared details about the progress of DJED. According to COTI, the ADA-backed stablecoin has received massive response and participation from cryptocurrency community members since it went live on mainnet. 

COTI noted in a recent blog post that a whopping 1.85M DJED were minted while 40K units of the stablecoin were burned. In a similar development, COTI disclosed that 21M units of DJED’s reserve token, SHEN, were minted while 73K of the token were burned. 

(By LELE JIMA)