Stablecoin record
Djed
Cardano overcollateralized stablecoin operated by COTI, using ADA reserves and the SHEN reserve coin to target one U.S. dollar.
LifecycleActive
Events1
Sources3
| Symbol | DJED |
|---|---|
| Asset class | Stablecoin |
| Reference target | Fiat |
| Redemption / exit model | Protocol Redemption |
| Valuation source | Djed official Cardano protocol |
| Yield / rebase profile | No recorded change · Accrual: No recorded change |
| Classification notes | Active Cardano overcollateralized reserve-ratio stablecoin operated by COTI. |
| Lifecycle status | Active |
| Issuance status | Protocol Based |
| Peg reference | Fiat · USD |
| Backing types | Crypto Collateral, Other |
| Stabilization | Hybrid |
| Governance | Hybrid |
| Primary organization | COTI |
| Primary role | Protocol Operator |
| Last reviewed | 2026-06-15 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| COTI | Protocol Operator | 2023-01-31 | — | Active |
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COTI
Blockchain Company · Unknown
Event history
1 event connected to this stablecoin.
| Disclosure status | Onchain Reserve Ratio |
|---|---|
| Backing types | Crypto Collateral, Other |
| Summary | Djed uses ADA reserves and the SHEN reserve coin within an overcollateralized reserve-ratio system. |
| As of | 2026-06-15 |
| Profile confidence | Medium |
| Current status | Protocol Based |
|---|---|
| Settlement asset | ADA through supported Djed mint and burn operations |
| Eligible parties | Protocol users satisfying wallet, fee, and reserve-ratio conditions. |
| Retail access | Public Protocol Based |
| Institutional access | Public Protocol Based |
| Minimum amount | Protocol and interface dependent. |
| Fee | Minting and burning fees and reserve-ratio constraints apply. |
| Settlement time | Cardano transaction and protocol-state dependent. |
| Regional limits | Interface and applicable legal restrictions may apply. |
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 3 |
| Reserve reports | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 1 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| 2023-01-31 | COTI launches Djed on Cardano | Launched | Launch | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| — | Djed / COTI | Onchain Reserve Dashboard | Ada Reserve, Shen Reserve Coin | Medium |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Cardano | Cardano native asset | Protocol Native Asset | Active | Unknown | Unknown | 0 | Not yet verified | Native Cardano Djed asset; policy ID normalization remains pending. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| Djed official website | Djed / COTI | Official Website | Entity Identity, Current Interface, Current Product Identity | High |
| COTI to issue Djed stablecoin on Cardano | Input Output / Essential Cardano | Official Statement | Issuer Role, Cardano Deployment, Algorithmic Design, Issuer and Design | High |
| COTI launches Djed on Cardano | Essential Cardano | Official Statement | Launch Date, Reserve Coin, Cardano, Launch | High |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Current Reserve Ratio and Mint Limits | The reserve-ratio design is established, but the current live reserve ratio, mint limits, and fee schedule are not snapshotted in this batch. | Medium | 2026-06-15 |
| Legal Claim and Operator Structure | Public materials explain COTI's operator role and protocol mechanics, but the complete legal claim of DJED holders and all operating entities are not normalized. | Medium | 2026-06-15 |