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During the cryptocurrency summit held by a British financial newspaper am cityMELD has announced a three-way partnership with Tingo Holdings, Nigeria’s largest mobile network, and Ubuntu Tribe, an ethical crypto company that stands for Natural Resources.
As part of the new partnership, Cardano-based DeFi protocol, which enables users to lend, borrow and share their assets, has revealed plans to launch a gold-backed system. stablecoin.
Cardano stablecoins
“Our goal here is simplicity and clarity,” said Ken Oling, Chairman and Co-Founder of MELD, who wants to make trading accessible to anyone with a smartphone.
“The gold will be stored in a vault, then rationed and then hashed and divided so that we can sell it,” he explained.
“It’s a simple idea, but incredibly powerful because you can count on it,” Oling added, referring to the constant value of gold.
As it was revealed recently during Cardano Summit 2021, by Cardano Summit FounderCharles Hoskinson ADA Payment Gateway Platform kotie It will become the long-awaited official stablecoin issuer grandfather, described as an algorithmic code for proven price stability.
COTI is the official Cardano stablecoin issuer!
As just revealed during Tweet embed Top by Charles Hoskinson COTI will become the official source for Djed, the new Cardano stablecoin!
Read more: https://t.co/omAxVZUOowCoty Dollars ADA dollars Tweet embed pic.twitter.com/yschC9wdbd
– COTI (COTInetwork) September 26, 2021
According to the Cardano developer team, IOHK, JD features, which include upper and lower maintenance, robust design in the event of market failure, no bankruptcy, and no possible back-up drain, can be demonstrated by mathematical theory.
foster adoption
According to Cardano Foundation’s Chief Marketing Officer, David Taylor, who shared the announcement on Twitter, the new partnership with Nigeria’s largest mobile network will provide MELD crypto services to millions of active subscribers, boosting Cardano adoption in the country,
ad from Tweet embed And Tingo Mobile are looking to bring 9 million customers across Nigeria to Cardano.
As part of this partnership, there will also be a stablecoin backed by gold in the protocol.#CityAMSummit Tweet embed #cardano #Cardano community Tweet embed #blockchain pic.twitter.com/G6zqggzBLF
– DT (I_Am_DTaylor) September 30, 2021
distance the most recent developments in environmental systemRecently, the number of ADA holders reached a new all-time high (ATH).
IntoTheBlock data revealed that the original Cardano token has 243,000 holders, with 70% of wallet addresses holding crypto registration profits.
the number of ADA dollars Hodlers arrived at a new ATH this month from 243k addresses that have an aggregate volume of 5.49b ADA.
And at the current price, more than 70% of titles that own ADA are currently in profit pic.twitter.com/MnghWKB66X
– IntoTheBlock (intotheblock) September 27, 2021
ad: Up to 20x margin on FTX.
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