Cryptocurrencies » Dai (DAI)
About DAI
DAI is an Ethereum-based stablecoin that is pegged to the US Dollar. It is used on the MakerDAO network, which employs smart contracts to enable users to borrow DAI against their deposits of other cryptocurrencies.
DAI is created by taking out a loan on MakerDAO. Once created, DAI can be used like ETH tokens in transactions. Over its lifespan, DAI has maintained a 1:1 ratio with the US Dollar with only minor and brief fluctuations. DAI can be traded on many centralized exchange platforms.
Crypto for Good: Oxfam Pilots Disaster Relief Using Stablecoin DAI
Oxfam International, a U.K.-based nonprofit, spent one month testings MakerDAO’s stablecoin DAI as a vehicle for helping disaster victims.
Make a Cryptocurrency Donation on The Giving Block
Browse charitable organizations and donate DAI or another cryptocurrency. Find a cause →
