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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