Cardano launches a gold-backed stablecoin in a three-way partnership!

Declare the decentralized financial liquidity protocol Mild (DeFi) MELD, during the cryptocurrency summit held by the newspaper City AM British Finance, for a tripartite partnership with Tingo Holdings, the largest mobile network in Nigeria, Inc. Ubuntu Tribe, an ethical crypto company that stands for Natural Resources. (An ethical company is a company with clearly defined environmental, social, and governance principles).

As part of the new partnership, the protocol revealed DeFi based on Cardano , which enables users to lend, borrow and pool their assets, revealed plans to launch a gold-backed stablecoin.

Cardano stablecoins

Chairman and co-founder of the company REPORT، Ken Olling، “Our goal here is simplicity and clarity“ And the aim behind this is to make trading accessible to anyone who owns a smartphone:

“The gold will be stored in a vault, then rationed and then hashed and divided, so we can sell it.”

Olling, indicating the constant value of gold:

"It's a simple idea, but it's incredibly powerful because you can count on it."

While you will become a platform COTI for payment gateway THERE IS, the official source of the coin Djed The long-awaited stable, according to what was mentioned during the summit Cardano 2021, which was revealed by the founder Cardano، Charles Hoskinson, which has been described as an algorithmic code for assured price stability.

According to the developer team Cardano IOHK Coin features can be demonstrated Djed, which includes: bound upward and downward maintenance, robust determination in the event of market disruption, no bankruptcy, and no possible spare drain, by mathematical theory.

enhanced adoption

According to the head of marketing at Cardano Foundation، David Taylor, who shared the ad on Twitter The new partnership with Nigeria's largest mobile network will provide crypto services REPORT to millions of active subscribers, which boosts the adoption of Cardano in the country.

After recent developments in the system, the number of holders of THERE IS to me A new all-time high recently.

While data revealed Into The Block, that symbol Cardano the original has 243 A token bearer, with 70% of wallet addresses, holding crypto registration profits.