DAI is a stable coin on the Ethereum blockchain. The price of the coin is pegged to the dollar with an approximate ratio of 1:1. The value of DAI is regulated by a decentralized MakerDAO.

DAI news today, Dai crypto latest news of token ticker

MakerDAO is a platform created on Ethereum, has an open source. The main purpose of the token is to create assets similar to real ones.  The main features are the impossibility of obtaining a token using mining and the ability to vote in the polls.

Maker news today, MKR crypto latest news of token ticker

Maker

980 million outstanding DAI has been generated from ETH and ETH-derived collateral worth $3.78 billion.

Even if we only consider that amount in circulation, DAI would still be the largest decentralized-backed stablecoin.

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980 million outstanding DAI has been generated from ETH and ETH-derived collateral worth $3. 78 billion.