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What is Dai (DAI)?

DAI is a stablecoin pegged softly to the US dollar, characterized by decentralization, impartiality, and collateral backing. It plays a central role in the MakerDAO lending platform, which is among the most prominent decentralized applications on the Ethereum blockchain. MakerDAO enables anyone holding ETH to borrow funds in the form of DAI stablecoin. Designed to resist hyperinflation, DAI aims to minimize volatility and withstand sharp price swings. Essentially, users can generate DAI against their crypto assets from anywhere. Launched in 2018, the current version of DAI, called Multi-Collateral DAI, replaced the original Single-Collateral DAI, which was renamed SAI. Since 2017, with the advent of Single-Collateral DAI, the success of Dai has grown alongside the broader adoption of stabl...

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Global prices

DAI / DKKDanish Krone

6.6696

DAI / GBPBritish Pound Sterling

0.753683

DAI / HKDHong Kong Dollar

7.802774

DAI / INRIndian Rupee

85.318159

DAI / JPYJapanese Yen

146.466314

DAI / MXNMexican Peso

19.363881

DAI / AUDAustralian Dollar

1.591478

DAI / TRYTurkish Lira

38.050631