The Cardano’s Algorithm Stablecoin, Djed Sees Multiple Partnerships Ahead Of The Vasil Hard Fork.
As the Vasil Hard Fork is fast approaching as well as the Djed moving towards the mainnet, the Cardano’s algorithm stablecoin, Djed has seen 35 fresh partnerships.
The completion of the Vasil Hard Fork and the end of the final audit may be an indication of the deployment of Djed on the mainnet says the Djed team.
As reported by Cryptolifedigital, the Hard Fork is awaited in the final week of July and as stated by the Djed team, this upgrade will make provision for the scalability needed to run Djed on the mainnet successfully.
According to a tweet on 19th July, the partnership of the Djed and Astarter, a DeFi infrastructure hub on Cardano was made known. This implies that Astarter will be using Djed to add native Cardano stable market pairs for highly liquid asset trading on the Astarter Decentralized Exchange (ADEX).
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More also, the collaboration with Celestial City, a musicFi platform that permits artists to conduct initial song offerings. ADA will be offered to Celestial City’s users as a payment method via this partnership and enable them to pay with $ADA on the platform. Celestial City has a veteran team that includes Former Vodacom Executive, Dr. Nkechi Newton as its co-Founder, Current Netflix Global Creative Marketing executive, Tamara Johnson as its CMO, and IOHKs Director of Education, Dr. Lars Brünjes as its technical advisor in Cardano and smart contract relations, Kucoin Labs and Crypto.com Capital incubated Arcade as it’s a strategic advisor.
Still on the partnership, in that same period, Djed also partnered with Trading Tent, a platform where users can transact any type of Carano Native Assets within two wallets.
This series of collaborations is hoped to enhance the use of Djed as the use cases of the Cardano stablecoin are being expanded on various other platforms.
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