New Cardano (ADA) Stablecoin Launch Revealed

It’s been just revealed that the new Cardano stablecoin launch has just been revealed. Check out the latest reports about when this will come out.

Cardano stablecoin launch is revealed

The developers of Cardano’s (ADA) new stablecoin have revealed when the dollar-pegged digital asset is slated to launch.

In a new blog post, payments firm COTI says that Djed, Cardano’s new stablecoin, is scheduled to launch sometime next week.

It’s also important to note the fact that the devs said that the only thing standing in the way of Djed’s launch is the chain index syncing process, which they say is about halfway done.

“We started the chain index syncing process. This process may take 14 days, and as we started the sync a week ago, we expect to complete it next week and be ready to launch. As of right now, this is the only technical bottleneck holding up the launch.”

However, no specific date for the launch was given.

Cardano in the news

It’s been just revealed that the dev of Cardano’s (ADA) nodes briefly went offline this weekend due to an “anomaly,” but the network quickly recovered, according to Cardano developer Input Output Global (IOG).

In a Telegram announcement, IOG says that the issue only briefly impacted block production.

“This appears to have been triggered by a transient anomaly causing one of two reactions in the node; some disconnected from a peer, others threw an exception and restarted. Such transient issues (even if they were to affect all nodes) were considered in the design of the Cardano-node and consensus. The systems behaved exactly as expected.”

More than that, it seems that Rick McCracken, the lead operator of the Cardano stake pool Digital Fortress, notes that most of the impacted nodes recovered “immediately/automatically.”

Stay tuned for more news, and make sure to check out the crypto market as well.