Minswap to Checklist Cardano Stablecoin Djed and its Reserve Coin SHEN

Cardano-based multi-pool decentralized trade Minswap has introduced plans to checklist Djed, Cardano’s algorithmic stablecoin.

In a tweet yesterday, Minswap mentioned Djed can be listed underneath the buying and selling pair – ADA/ DJED. Along with Djed, Minswap additionally introduced that SHEN, the protocol backup token, can be obtainable for buying and selling on the decentralized trade.

Minswap didn’t specify the precise date DJED and SHEN can be listed. Nonetheless, the decentralized trade famous that the tokens can be listed subsequent week. Like Djed, SHEN may even be obtainable in a single buying and selling pair – ADA / SHEN.

$ADA/ $DJED & $ADA/ $SHEN
🗓️ Coming Subsequent Week on The Minswap DEX 👀 pic.twitter.com/qnD6ZA9yCf

— Minswap Labs (@MinswapDEX) January 24, 2023

Following the announcement, Minswap customers can swap their ADA tokens for DJED and SHEN when buying and selling commences formally.

Bitrue Lists SHEN and DJED

The announcement comes just a few hours after main Singaporean cryptocurrency trade Bitrue introduced that it could quickly make Djed and SHEN obtainable for buying and selling.

The trade added that it could additionally roll out DJED and SHEN staking and different campaigns shortly after it opens buying and selling for the belongings.

Bitrue’s transfer to checklist SHEN and DJED is a part of the trade’s help for the Cardano ecosystem. The trade mentioned it has maintained a optimistic relationship with Cardano since 2018.

DJED & SHEN to Launch Subsequent Week

It’s noteworthy that each DJED and SHEN are nonetheless working within the take a look at networks, which makes it inconceivable to commerce the belongings on Bitrue and Minswap. Nonetheless, following Minswap’s announcement, it’s evident that the much-anticipated launch of DJED and SHEN on the primary community will occur earlier than the top of subsequent week.

COTI additionally confirmed at this time the launch of Cardano’s stablecoin on the primary community is scheduled for subsequent week as one technical hurdle is left to beat earlier than launch.

Though DJED is just not but obtainable on the primary community, the stablecoin has attracted the curiosity of prime crypto tasks, together with WingRider, Iagon, Buying and selling Trent, and many others. As well as, earlier this month, COTI introduced a partnership with blockchain entity Yepple in a bid to facilitate NFT funds on Cardano utilizing the stablecoin.