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HomeCrypto NewsMarketCOTI Engage Five More Companies, Extends Cardano Stablecoin Djed Partnerships

COTI Engage Five More Companies, Extends Cardano Stablecoin Djed Partnerships

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Djed is getting more and more attraction.

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As Cardano’s official stablecoin Djed edges close to its mainnet deployment, several organizations have indicated an interest in using the algorithmic stablecoin.

COTI, the official issuer of Djed, noted that it has recently inked partnership deals with five companies that will use the algorithmic stablecoin on their respective platforms. 

Trading Trent

According to an announcement, COTI partnered with Trading Trent to integrate Cardano stablecoin into its trading system.

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The move will enable Trading Trent users to utilize the stablecoin in the purchase of Cardano non-fungible tokens (NFTs) and other ecosystem tokens.

Kirkstone

In a similar development, COTI also partnered with Kirkstone, an organization leveraging Cardano to revolutionize the real estate industry. 

Kirkstone partnered with COTI to integrate $Djed to its platform, to protect its clients from increased market volatility. 

Iagon

As reported by TheCryptoBasic, COTI also announced this month that it has partnered with cloud computing platform Iagon as part of growing Djed’s adoption. 

Iagon is planning to integrate Djed into its upcoming marketplace for decentralized computing resources. The algorithmic stablecoin will play an integral role in the trading process of the marketplace. 

Astarter

Similarly, COTI recently collaborated with Astarter, as part of the growing partnership for $Djed’s adoption. Astarter plans to use $Djed to bring Cardano stable market pairs to its trading platform dubbed the Astarter Decentralized Exchange (ADEX). 

Thrift

Lastly, Thrift, a decentralized finance platform, joined the list of partners willing to use the Cardano official stablecoin on its system. 

“By integrating Djed into their wallet and products like; saving goal use cases, crowd lending, P2P, fiat on-off ramp, multi-payments, and Thrift protocol, Thrift’s users can use Djed to avoid market volatility in saving, making payments, and investing,” COTI stated in an announcement. 

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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