TLDR
- Cardano’s DJED stablecoin goes open-source to encourage developer contributions.
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DJED now features a privacy layer for confidential transactions across blockchains.
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COTI introduces DJED’s private version for enterprises and institutions.
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DJED stablecoin continues to maintain its peg, offering stability in Web3 ecosystems.
Cardano’s algorithmic stablecoin, DJED, is undergoing significant upgrades that could reshape its role in the blockchain ecosystem. Developed by COTI and IOG (Input Output Global), DJED is evolving into a more privacy-focused, open-source, and multi-chain asset. These updates aim to increase its utility and make it a core part of the decentralized finance (DeFi) and Web3 infrastructure.
The announcement came at the Rare Evo blockchain conference, where COTI introduced new features designed to open up DJED’s capabilities to the wider developer community. This includes open-sourcing key parts of the infrastructure, such as the order API, chain indexer, and frontend. With these changes, developers can now build custom applications, integrate DJED into wallets, and enhance its functionality for decentralized applications (dApps).
Cardano Open-Source Features to Encourage Innovation
One of the key changes to DJED is its transition to open-source. By releasing key parts of the code to the public, IOG and COTI aim to drive faster innovation and provide greater transparency for the DJED ecosystem. Developers will be able to inspect, extend, and build directly on the DJED protocol, fostering deeper trust within the community.
In case you missed it, DJED is evolving into the world’s first multi-chain private stablecoin. Open, privacy-preserving, and built for the next era of Web3. Here’s how DJED, @Cardano's stablecoin, developed by COTI and @InputOutputHK, is entering a new era!… pic.twitter.com/nvtVnkjRmP
— COTI Foundation (@COTInetwork) August 10, 2025
As DJED has been running reliably on the Cardano blockchain for 2.5 years, it has proven to be a stable and secure digital asset. The open-source move also allows the DJED protocol to be more flexible, enabling developers to create new use cases and improve upon its existing features. The shift to open-source also aligns with the ethos of Web3, where decentralization and transparency are essential.
“Its design is grounded in formal methods, backed by extensive testing,” said IOG. “This is a complex system engineered for uniquely high assurance.”
Private DJED to Support Enterprises and Institutions
Another major upgrade to DJED is the introduction of the Private DJED version, which aims to cater to enterprises and institutions that require confidentiality. This private iteration of DJED will incorporate a privacy layer, allowing users to send and receive the stablecoin securely and anonymously. This feature is crucial for companies and institutions that prioritize privacy while still participating in the growing DeFi and Web3 spaces.
The private version will be multi-chain, enabling it to work across various blockchains. COTI’s focus on privacy extends to the use of garbled circuits, an encryption method that ensures reliable and scalable privacy infrastructure. This will allow DJED to be incorporated into more complex decentralized applications (dApps), where privacy is paramount.
“The private version of DJED is designed to be enterprise-ready,” COTI stated, adding that the stability and privacy features will ensure that it remains compliant while protecting sensitive information.
