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Cardano Stablecoin Djed to Supercharge Own Payment System: Sneak Peek

Wed, 11/23/2022 - 16:35
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Vladislav Sopov
Cardano’s upcoming over-collateralized stablecoin to boost cryptocurrency adoption in retail
Cardano Stablecoin Djed to Supercharge Own Payment System: Sneak Peek
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Cardano’s hotly anticipated stablecoin Djed (DJED) might get its own payments system for retail usage, e-commerce and donations in crypto, and here’s how.

DjedPay sneak peek published on Twitter

Today, on Nov. 23, 2022, a first-ever preview of the mobile interface of DjedPay solution was unveiled on Djed’s Twitter account.

As per the screenshot available, the upcoming project will allow its customers to send transfers in DJED, Cardano's USD-pegged stablecoin, in a couple of clicks. To authorize the transaction, the user should just save his/her email address and  name.

Thus, sending crypto through DjedPay will be intuitive even for crypto newbies as the interface looks similar to the dashboards of Web2 neo-banks.

On the screenshot, the logo of the charity foundation is displayed. As such, the Djed team might have hinted at its possible usage in nonprofit programs and initiatives.

Unique overcollateralized stablecoin on Cardano: What is Djed?

Meanwhile, Input Output Global and COTI Network, two organizations overseeing the progress of Djed stablecoin, remain silent on DjedPay’s actual roadmap.

As covered by U.Today previously, at the recent Cardano Summit, CEO of COTI Network Shahaf Bar-Geffen unveiled the updated “final” date of Djed’s mainnet release.

Cardano's Stablecoin Djed to Go Live in January 2023

Per his statement, the stablecoin will go live in mainnet in January 2023. By press time, over 40 dApps have already integrated it as a promising payment instrument.

Djed will be backed by ADA liquidity and will leverage SHEN token as its reserve cryptocurrency.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)