Dai (DAI)

Verified

Loading...

Loading...

DAI price prediction, DAI price today, how to buy Dai coin

About DAI

Dai (DAI) is a decentralized stablecoin created by MakerDAO, designed to maintain a 1:1 peg to the US dollar. Unlike centralized stablecoins, Dai is backed by cryptocurrency collateral on the Ethereum blockchain, making it fully decentralized. Users can generate DAI by depositing collateral into Maker Vaults, which are smart contracts that ensure Dai's stability. Dai plays a vital role in the DeFi ecosystem, allowing users to transact, lend, and borrow in a stable currency without relying on traditional banks. Access live DAI prices, historical data, and market insights on our Dai Markets page to stay updated on Dai’s role as a key stablecoin in the crypto world.

Convert Fiat to Dai

Loading...

Crypto Investment Calculator

$

+

%

Fact Sheet

Explorer
Exchanges
Social Media
Blockchains
Ethereum logo

News

XRP’s Institutional Access Expands With Hashkey Exchange Listing

Hashkey Exchange welcomes XRP, making it more accessible to professional investors, bolstering its position in the digital economy. XRP Joins Hashkey Exchange: A New Era of Professional Investor Access Hashkey Exchange, a licensed crypto trading platform overseen by the Hong…

XRP’s Institutional Access Expands With Hashkey Exchange Listing

SEC Backs Down: Binance.US Blasts Back With Full USD Access

Binance.US roars back as the SEC drops its lawsuit, reigniting U.S. crypto access with restored USD services, soaring user activity, and a regulatory tide turning in crypto’s favor. SEC Defeat Marks Binance.US Victory in War Against Regulatory Overreach Crypto exchange…

SEC Backs Down: Binance.US Blasts Back With Full USD Access

Caricom Bloc Advances Pilot to Reduce Dollar Dependence

The governors of the Central Banks of Caricom agreed to advance a local currency-based, instant settlement payment platform to reduce their reliance on the U.S. dollar. A pilot has already managed to complete a cross-border transaction between the Bahamas and…

Caricom Bloc Advances Pilot to Reduce Dollar Dependence

Landmark Crypto Legislation Introduced in Congress—CLARITY Act Ushers in Golden Age

The CLARITY Act unleashes a historic wave of pro-crypto momentum, cementing U.S. leadership in Web3, safeguarding self-custody, and supercharging digital asset innovation with unstoppable force. Landmark CLARITY Act Redefines Crypto in America—Digital Asset Golden Age Ignites The Digital Asset Market…

Landmark Crypto Legislation Introduced in Congress—CLARITY Act Ushers in Golden Age

Cantor Fitzgerald Unveils Gold-Hedged Bitcoin Fund

Cantor Fitzgerald Asset Management is rolling out a bitcoin investment fund that offers uncapped BTC upside with gold-based downside protection. The five-year fund combines digital asset exposure with a traditional safe-haven twist. Wall Street Giant Launches Bitcoin Fund Backed by…

Cantor Fitzgerald Unveils Gold-Hedged Bitcoin Fund

Frequently Asked Questions about Dai

What is Dai (DAI)?

Dai (DAI) is a decentralized stablecoin pegged to the US dollar, created by MakerDAO. It is backed by cryptocurrency collateral and aims to provide stability without relying on centralized entities.

How does Dai maintain its 1:1 peg to the US dollar?

Dai maintains its dollar peg through a system of smart contracts on the Ethereum blockchain. Users can generate DAI by locking up cryptocurrency collateral in Maker Vaults, which automatically manage supply and demand.

What are the main uses of Dai in the DeFi ecosystem?

Dai is widely used in DeFi for lending, borrowing, and transacting in a stable currency. Its decentralized nature makes it a popular choice for users seeking stability without the need for traditional banks.

How can I store Dai securely?

You can store Dai in any Ethereum-compatible wallet, including hardware wallets like Ledger and software wallets such as Exodus and Trust Wallet, which provide secure and accessible storage.

What makes Dai different from other stablecoins?

Unlike centralized stablecoins, Dai is fully decentralized and backed by cryptocurrency collateral on the Ethereum blockchain, providing users with a stable asset that does not rely on traditional banks or central entities.

Is Dai a good investment?

Dai is designed to maintain a stable value pegged to the US dollar, making it less volatile than other cryptocurrencies. It is primarily used for stability in DeFi rather than for speculative investment.

Can I use Dai for payments and transactions?

Yes, Dai is widely accepted in the crypto ecosystem for payments, lending, and other financial activities, making it a flexible option for users looking to transact in a stable currency.