---
title: "Djed Stablecoin (DJED) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/djed-coti/"
description: "Build-time stablecoin profile for Djed Stablecoin (DJED). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-18"
---



# Djed Stablecoin (DJED)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

DJED is better described as an overcollateralized reserve-coin system than as a borrower CDP. ADA reserves back the stablecoin while SHEN holders absorb reserve-ratio volatility inside the Cardano Djed mechanism.

## Collateral

ADA reserves held by the Cardano Djed protocol, with SHEN reserve-coin holders absorbing surplus reserve volatility

## Peg Mechanism

Overcollateralized Cardano stablecoin where DJED can be minted and burned against ADA while SHEN maintains the reserve ratio band

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| cardano | `8db269c3ec630e06ae29f74bc39edd1f87c819f1056206e879a1cd61446a65644d6963726f555344` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/djed-coti.