DAI is a decentralized stable coin and one of the top 25 coins by market cap. Most of the stable coins are created by private coins but DAI is truly decentralized.
DAI belongs to the ERC-20 family of tokens and as a stablecoin is pegged to Ether and BAT (not USD), which means developers have a certain amount of Eth and BAT to keep DAI stable (1DAI=1USD). You can also earn DAI by staking Ether on MakerDAO.
Dai is a stablecoin that has been on the market for some time, it is one of the most famous stablecoins, but even so, it is less famous than USDT and USDC for example.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.