Multi-Collateral DAI is a decentralized, collateral-backed stablecoin.
DAI is a decentralized, collateral-backed stablecoin on Ethereum, used for transactions, savings, and DeFi lending, maintaining a stable value against USD.
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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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Dai price live information
As of now, Dai is trading at 0.99966 USD, with a 24-hour trading volume of approximately 3.93M USD. The DAI to USD price is updated in real time. Over the past 24 hours, Dai has increased by 0.01%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 5.36B USD. Currently, there are 5 365 382 702.664872 DAI in circulation out of a maximum supply of 5 365 382 702.664872 DAI.
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