Dai is a decentralized, collateral-backed stablecoin pegged to the value of the US dollar. It is issued by MakerDAO, a decentralized autonomous organization (DAO) on the Ethereum blockchain. Unlike centralized stablecoins, Dai’s stability is maintained through a system of over-collateralization using various cryptocurrencies as collateral, making it a transparent and censorship-resistant stable asset widely used in the DeFi ecosystem.
What is Dai (DAI)?
Discover the key facts about Dai (DAI).
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Looking for more resources?
How to Calculate and Give Zakat with Crypto Donations To give Zakat using cryptocurrency, The Giving Block is your one-stop destination to find and support charitable organizations. Read more
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
