Djed’s Release Date Updates – What COTI and Cardano Are Doing To Address Security

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Djed Stablecoin Release Date - Djed Development and Timeline Update

COTI has released the following announcement regarding the release date of Djed coin.

As we are making progress with the Djed development, we wanted to keep you informed on the recent updates and updated timeline.

In the past few weeks we have been:

The most important aspect that is being developed these days, is security upgrades.
Security is everyone’s top priority when it comes to financial products, particularly with stablecoins. Following the latest hack on Wormhole Bridge, one of the most popular bridges linking the Ethereum and Solana blockchains, and other hacks, such as Qubit Finance, we are investing substantial resources to secure the Djed protocol.

Related article: Solana’s Wormhole Bridge Hack Has Delayed Cardano’s Djed Release Date; COTI’s CEO Shahaf Bar-Geffen Explains Why.

Here are the actions that are going to be taken in order to assure that the Djed protocol is secured:

Adding these security features will most likely push Testnet to March (instead of February).

As mentioned above, upon launching the Testnet, an external security audit will be performed. Upon the results of this security audit, we’ll move on to Mainnet.

We will continue to be transparent and will keep you updated as we go.

We know that there is huge anticipation around the Djed launch, but remember that we will always prioritize security and quality.

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