Dai(DAI)

Dai (DAI) is a stablecoin created in 2017 as the first decentralized stablecoin built on the Ethereum blockchain. DAI coin is a collateralized crypto and has no centralized authority. 1 DAI equals 1 US dollar; this price is maintained by a smart contract that holds a portfolio of various digital assets (mostly in Ethereum (ETH)). When the price of DAI coin rises, the smart contract pricing mechanism seeks to decrease its price, and vice versa. Get the latest DAI’s price, market cap, know the circulating supply of the cryptocurrency on Coin360