DAI is a USD based stablecoin but unlike both Tether and USDC, DAI is a decentralised algorithmically controlled stablecoin. Created and regulated by Maker DAO (Decentralised Autonomous Organisation). Its value is soft-pegged to one US dollar which makes it a stablecoin. As of July 2021, there were roughly 5.5 billion Dai in circulation, making it the fourth largest stablecoin by capitalisation.
Market Cap Rank:
#17
Market Cap
$6,131,851,246
24H Volume:
$370,401,707
24H High/Low:
$1/$1
Price:
$1.00
-0.03%
(Last 30 days)
(Last 30 days)
(Last 30 days)