Cardano’s overcollateralized stablecoin DJED launched on the mainnet on 31 January. Increased DJED minting led to a jump in on-chain activity for ADA. Following several months of development, Cardano’s [ADA] native over-collateralized stablecoin Djed [DJED] launched on the network’s mainnet on 31 January. How much are 1,10,100 ADAs worth today? DJED is pegged to the
![Cardano [ADA] impacted in this manner following DJED’s launch](https://images.cryptocompare.com/news/default/ambcrypto.png "Cardano [ADA] impacted in this manner following DJED’s launch")
