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Dai (DAI) $ 0.99988320 0.02%
Dai (DAI) to USD
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About Dai
Dai (DAI) is a decentralized stablecoin whose value is pegged to the US dollar and governed by the community of MakerDAO. Since its launch in 2017 on Ethereum, DAI has established itself as the first stable asset backed not by fiat reserves but by overcollateralized crypto assets. The issuance of new tokens is fully automated and managed by smart contracts, which require users to lock up collateral as a guarantee of value. This approach makes DAI one of the most transparent and reliable instruments in the market, eliminating risks associated with centralized issuers.