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.
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