Djed became Cardano’s fourth-biggest project. The development team was working towards an increase in adoption with the option to borrow and use the stablecoin as collateral. Cardano’s [ADA] stablecoin Djed which launched on 31 January, has surpassed many projects in the ecosystem to become the fourth largest. Created by the blockchain’s development group Input Output
![Cardano’s [ADA] Stablecoin Djed took advantage of the gap left by…](https://images.cryptocompare.com/news/default/ambcrypto.png "Cardano’s [ADA] Stablecoin Djed took advantage of the gap left by…")
$285 Million in Bitcoin Shorts Wiped Out
