DAI (DAI)
Asset ID: 29
Dai is a collateralized stablecoin that is pegged to the US Dollar. Dai (DAI) was the first decentralized stablecoin developed on the Ethereum blockchain. Since its value is tied to the US Dollar, it tends to have low price volatility. Because of this stability, it is commonly used for payments or as a hedging tool. Each Dai token is backed by excess collateral locked in transparent Ethereum smart contracts that can be publicly audited.
Network: ethereum
Category: Other
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