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Adausdt
Our goal here is simplicity and clarity,” said Ken Olling, chairman and co-founder of MELD, who wants to make trading accessible to anyone with a smartphone.

“Gold will be stored in a vault, tokenized and then fractionalised and divided so we can sell it,” he clarified.

“It’s a simple idea, but incredibly powerful because you can count on it,” added Olling, pointing to gold’s stable value.

As recently revealed during the Cardano Summit 2021, by none other than Cardano’s founder, Charles Hoskinson, ADA payment gateway platform COTI will become the official issuer of the network’s long-awaited stablecoin Djed, described as an algorithmic token for proven price stability.