NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Rick McCracken Predicts Mainnet Launch For Djed, A Cardano Stablecoin

Eli Dambel
Eli Dambel
2 years ago
3 mins read
Cardano ADA

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Based on a discovery from a new stablecoin test of Cardano, Rick McCracken has predicted a close launch date for Djed mainnet. Rick McCracken, the owner of the ADA staking pool, DIGI, and also a Cardano supporter, did not hesitate to make his findings and prediction known via his Twitter handle.

Recall there was an announcement earlier on Djed’s official Twitter handle on January 14, affirming that the stablecoin’s launch this month remains on track. Furthermore, as per COTI Network’s announcement on January 5, the soon-to-launch stablecoin bagged a new partnership with Yepple Incorporated.

Related Reading

Optimism

Optimism Sees Spike In USDC And USDT Transactions Eclipsing $1 Billion

2 years ago

The partnership aims to ensure optimal usage of Djed in the Cardano ecosystem. It would also promote the integration of the payment for NFT transactions using Djed.

Djed To Go Live Along With New Stablecoin Payment App, DjedPay

Djed is Cardano’s first ADA-backed stablecoin powered by COTI Network. It is an over-centralized stablecoin with a collateral rate between 400-800%, according to the description on adapulse.io.

According to the CEO of the COTI Network, Shahaf Bar-Geffen, in addition to ADA backing, Djed will also have another token to protect it against exposure to ADA’s volatility.

SHEN would act as the stablecoin’s reserve currency, maintaining its price stability to ensure the 400-800% collateral guarantee against price fluctuations.

The stablecoin’s testnet version was initially launched in December 2022. Djed’s official website revealed that its value is currently 2.94 ADA, with a supply of 676,496 tokens.

McCracken’s prediction of the mainnet launch goes in line with the developers’ initial announcement. According to them, Djed would go live on the mainnet later in January. McCracken also revealed the new Djed stablecoin is now worth $1.019 on the test network.

In addition to the mainnet launch, a payment platform for Djed called DjedPay would launch at the same time. According to the official Twitter announcement, DjedPay is a platform that would offer Djed-powered payments by traders and organizations.

However, COTI is still trying to secure more partnerships to scale the stablecoins algorithmic adoption.

Related Reading

Liquid crypto staking

Why Are Liquid Staking Cryptocurrencies Seeing Double-Digit Gains?

2 years ago

Meanwhile, news of this development, among others, pushed ADA prices over the past few days. According to data from TradingView, ADA has added over 38% in the last 14 days and 11.1% in the past seven days. The cryptocurrency trades at $0.035235, with a 24-hour price gain of 1.3%.

Cardano
ADA price trades at $0.3525 l ADAUSDT on Tradingview.com

Cardano Releases New ADA Wallet Update

In another development, the ADA community recently saw a new upgrade in Cardano’s Daedalus wallet, Daedalus 5.2.0. Input Output Global (IOG), the company behind Cardano, announced the launch of Daedalus 5.2.0 via a tweet on January 16.

Daedalus wallet is the official desktop wallet for ADA developed by IOG. The new wallet version is compatible with Cardano node version 1.35.4 and wallet version 2022.12.14.

The release of Daedalus 5.2.0 automatically updates the ProjectCatalyst API URL to a new URL. Also, the upgrade included Bryon Wallet tracking capability and aggregates of similar RAM sizes to allow for swift data analysis.

Furthermore, Cardano’s Bryon era (the first phase on the Cardano Roadmap) received a delivery of the Daedalus wallet and Yoroi wallet. Yoroi is a light wallet designed by Emurgo, IOG’s sister company, that offers users access to ADA quick day-to-day transactions on their mobile phones.

Featured Image From Pixabay/ AnTa_ranga, Charts From Tradingview
Tweet123Share196ShareSend
Eli Dambel
Eli Dambel

Eli Dambel

Eli brings an eclectic point of view to market analysis. Currently, he writes about various asset classes, including Crypto and Stocks. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. He also thinks Bitcoin will become universal currency in the near future.

Read more

You can follow Eli on Twitter: @EliDambel

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano

Cardano Founder Says Chainlink Quoted Them An ‘Absurd Price’, Here’s Why

Cardano’s founder, Charles Hoskinson, has clarified why the blockchain platform was excluded from a prominent US government initiative meant to...

Scott Matherson 3 days ago
Cardano (ADA) Signals Recovery

Cardano (ADA) Signals Recovery – Is a Strong Upside Move Ahead?

Cardano price started a fresh recovery from the $0.780 zone. ADA is now rising and might attempt a clear move...

Aayush Jindal 4 days ago
cardano

Cardano: Γιατί μπορεί να ξεπεράσει τα $15 έως το 2030

Μέσα σε έναν κόσμο κρυπτονομισμάτων που λειτουργεί με ταχύτητα, hype και συχνά πρόχειρες λύσεις, το Cardano επιμένει να ακολουθεί έναν...

Ιωάννης Ριζόπουλος 4 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

cardano ada adausd

Cardano Price Prediction: ADA Bears Test Support, Bulls Eye $0.92 Breakout on Hoskinson Boost

James Halver 1 day ago
Cardano news

Cardano Sentiment Crashes To 5-Month Low As ADA Defends Key Price Level

Jake Simmons 2 days ago
Cardano, ADA, Charles Hoskinson

Cardano (ADA) Redemption Controversy Over? Hoskinson Shares IOG Audit Results

Rubmar Garcia 2 days ago

Premium Sponsors

Press Releases

  • ドージコイン 今後4ドル到達の可能性、新興ミームプロジェクトが200万ドルICOに迫る

    ドージコイン...

    3 hours ago
  • 仮想通貨おすすめ:新興レイヤー2プロジェクトがプレセールで1,420万ドル突破

    ...

    3 hours ago
  • シバコイン 今後の可能性と、新たに浮上する注目のレイヤー2プロジェクト

    シバコイン...

    3 hours ago
  • ビットコイン 今後の展望:長期眠っていたBTCウォレットが突然52億円分を移動

    ビットコイン...

    6 hours ago
  • パイネットワーク 価格分析:バンド収束から爆発的上昇の可能性、ウォルコフ指標が点灯

    パイネットワーク...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.