The Alonzo testnet has been successfully upgraded to the new Alonozo White node, according to IOHK. The full implementation of smart contract capabilities is expected to accelerate the development and deployment of a variety of DeFi applications. Yesterday, IOHK CEO Charles Hoskinson hinted a revolutionary stablecoin design on Twitter. It's safe to assume that Djed, the algorithmic stablecoin system, will not remain theoretical.