With the Cardano project gaining stability, team leader Charles Hoskinson has now introduced a new stablecoin design for the entire Decentralized Finance [DeFi] ecosystem. The new protocol, dubbed Djed, will act like an “autonomous bank,” as per Hoskinson. Hoskinson shared the paper with the community on Twitter and in his recent vlog. The paper titled […]
What is USD Coin (USDC), fiat-backed stablecoin explained
USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the…