Top 5 fx Protocol Competitors & Alternatives And Similar Dual-Token Stablecoin Projects

Cardano's native overcollateralized stablecoin, developed by IOG and powered by COTI. $DJED is backed by $ADA and uses $SHEN as a reserve coin

Algo-Stables , CDP , Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Cardano , Ergo , Milkomeda C1

$12,902,988

1,801

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Hylo splits yield-bearing assets into two complementary products: hyUSD - a stable USD-denominated asset with access to sustainable yield, and xSOL - leveraged SOL exposure with zero liquidation risk and no funding costs. Users can deposit LSTs to mint either asset

CDP , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Solana

$62,827,884

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Money On Chain is a self-contained DeFi protocol (a stablecoin, HODL token, leveraging mechanism, and more) which empowers Bitcoiners to improve performance of their assets while also retaining full control of their private keys.

Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Lending , Partially Algorithmic Stablecoin

Rootstock

$66,993,505

6,620

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An overcollateralized algorithmic stablecoin backed by DOGE on dogechain.

CDP , Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Dogechain

$4,706

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Djed is an autonomous crypto-backed stablecoin protocol that has been implemented in multiple smart contract programming languages and deployed to multiple blockchains

Algo-Stables , CDP , Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Milkomeda C1

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1,801

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