Djed is a unique algorithmic stablecoin developed on the Cardano blockchain, designed to maintain price stability through a formal verifiable mechanism. Created by the blockchain research firm IOG (Input Output Global), in collaboration with the COTI network, Djed functions as a decentralised and transparent alternative to traditional fiat-pegged stablecoins. It employs a reserve-based model characterised by collateralisation in native assets to ensure its value remains stable, thus reducing the risk of market volatility. By leveraging smart contracts, Djed provides automated price stabilisation, which incorporates a reserve buffer and a self-correcting supply model. This innovative approach not only enhances financial inclusion but also paves the way for broader cryptocurrency adoption, granting users confidence in using a stable digital currency.