DAI
Glossary
Tokens & NFTs
DAI
A decentralized, crypto-collateralized stablecoin from MakerDAO.
Definition
In depth
DAI is a stablecoin soft-pegged to the US dollar, issued by the MakerDAO protocol. Unlike USDT or USDC, DAI is minted by users locking ETH, USDC and other collateral into smart contracts — no central issuer holds the backing.
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