The announcement of a stablecoin tops the news from the weekend summit.
Summit Roundup
Dubbed the ‘biggest blockchain event ever,’ the Cardano Summit ran over the weekend of September 25-26th, and brought significant changes to the platform.
Cardano announced integrations with Chainlink Oracles with goals to build out their decentralized finance (DeFi) infrastructure, not just for the immediate future but multiple years down the road. The major news, announced on Sunday, was that Cardano will work together with COTI to bring about a stablecoin named Djed.
“The Djed stablecoin could be a game-changer in the crypto space, appealing to an entirely new audience at a time when the industry is already experiencing astronomical growth,” said Charles Hoskinson, CEO of Input/Output.
The Cardano coin is the third-largest cryptocurrency by market capitalization and is back in the headlines this month with the launch of its smart contract capabilities. Cardano also has high hopes to impact the regulatory landscape, which comes at a time when authorities around the world have their sights on regulations.
“Djed shares our commitment to formal verification, proving a robust method of combating price volatility of crypto markets. COTI has been a long-time partner of the Cardano ecosystem. It’s great to have them on board with this new venture,” added Hoskinson.
The Cardano Summit also saw the announcement of new virtual worlds on Cardano and releases of limited edition NFTs. The Summit consisted of a mix of real-world meetups in London, Miami, Berlin, Cape Town, Wyoming, and New York and several virtual events.
Where to find Cardano:
Source : bsc.news
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