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During a recent AMA session[1], Cardano’s Charles Hoskinson went beyond just regular updates about the network and its upcoming upgrades. He hinted at possible projects that his development company, Input-Output HK (IOHK), might undertake in the long term.

A stablecoin called Djed

Just last month, Hoskinson announced[2] the creation of IOHK’s own stablecoin – Djed. It is supposed to be a “crypto-backed pegged algorithmic stablecoin” that will later be implemented onto the network’s smart contract platform – Plutus.  Djed’s whitepaper is now complete and will be released shortly, along with a detailed blog post.

What’s more, he also revealed the stablecoin’s use case and how it will contribute to global finance. According to the exec, he has been in talks with a lot of governments about using Djed’s design to create a CBDC.

The CBDC would eventually lead to the creation of a decentralized central bank.

“We are really curious can you combine an algorithmic stable coin with a sovereign wealth fund to generate value from transaction fees outside the country and then universal basic income as an experiment.”

This is something a smaller nation would agree to, he added, owing to inflation and value depreciation concerns.

Bridging the gap

When asked about the absence of Cardano’s native token ADA from crypto-ATMs, the CEO had another interesting plan. He revealed,

“We will do

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