Djed stablecoin slowly but surely becomes one of most promising Cardano-based projects
The oversized algorithmic stablecoin Djed, developed by COTI and based on the Cardano blockchain, has entered into a new partnership with the start-up RealFi Thrift. Under this partnership, Djed will become the official stablecoin for all Thrift projects, including a peer-to-peer platform, wallet, off-ramp fiat solution, and Thrift protocol.
As a RealFi start-up, Thrift is also directly related to Cardano, or rather the ecosystem’s parent company, Input Output. It was from the IOHK incubator that Thrift emerged, subsequently evolving into a full-fledged DeFi and RealFi infrastructure in its own right, with all of its products tied up in a noncustodial Thrift Wallet.
Commenting on the event, Josiah Odosu, Founder of Thrift, noted that Djed fits right into Thrift’s infrastructure with its security, privacy, and decentralization features. Integrating the stablecoin into the startup’s products will ensure their reliability and help drive adoption of Cardano, especially in African countries, Odosu said.
Cardano’s Africa campaign
The founder of Thrift mentioned Cardano adoption in Africa for a reason, as it is one of the top blockchain’s priorities at the moment. As recently as last Sunday, we reported on the participation of Cardano-based accelerator Adaverse in an investment round in an African crypto gaming startup, which could increase Cardano’s potential user base by another 100 million people.
It seems that IOHK and Charles Hoskinson did not stop at simple trips to the cradle of human civilization and are seriously counting on a large part of the African crypto market. Considering the tough competition in the US and the possible tightening of crypto regulations in Europe, expanding Cardano into Africa seems like a pretty smart move.
