Coin list | DAI
DAI Dai

DAI is a decentralized stablecoin launched in 2017 on Ethereum (ERC-20), designed to maintain a 1:1 peg with the US dollar without relying on a central company.

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Currency Dai

  • Full Name: DAI

  • Launch Year: December 2017

  • Creator: MakerDAO (a decentralized autonomous organization – DAO)

  • Type: Decentralized Stablecoin

  • Blockchain: Ethereum (ERC-20)

  • Key Features:

    • Pegged to the US dollar (1 DAI ≈ 1 USD)

    • Unlike centralized stablecoins (e.g., USDT), it is backed by digital assets (ETH and other tokens) locked in smart contracts

    • Governed by the MakerDAO community, not a single company

    • Flexible supply, adjusted based on collateral in the system

  • Use Cases:

    • Stable currency for daily transactions

    • Foundation for many DeFi projects

    • Borrowing and lending via MakerDAO platform

    • Reliable store of value in volatile crypto markets

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