DAI is a decentralized stablecoin based on the Ethereum blockchain and pegged to the U.S. dollar. It is managed by the MakerDAO protocol and issued through a mortgage platform. The total supply is dynamically adjusted based on the activity of lenders and borrowers. It has been used in many cryptocurrencies Listed on currency exchanges, including Coinbase, Binance and Kraken.
What currency is DAI?
DAI is a decentralized stablecoin based on the Ethereum blockchain and managed by the MakerDAO protocol. It is pegged to the US dollar and strives to maintain a stable value of 1 DAI = 1 US dollar.
DAI Coin Issuance Price
DAI Coin was initially issued through MakerDAO’s mortgage loan platform, and the issuance amount is determined based on the value of the mortgage assets. The issuance price depends on the value of the collateral assets and the supply and demand of DAI coins.
DAI Coin Issuance
The total supply of DAI coins is dynamic and depends on the activity of lenders and borrowers on the Ethereum blockchain. When users mortgage assets and borrow DAI coins on the MakerDAO platform, the supply of DAI coins increases. Instead, as users repay their loans and release collateral assets, the supply of DAI coins decreases.
DAI Coin Listed on Exchanges
DAI Coin has been listed on many cryptocurrency exchanges, including:
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