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What is DAI: understanding Maker's crypto-backed stablecoin
Launched by a Decentralized Autonomous Organization (DAO) named MakerDAO in November 2019, Dai (DAI) is a crypto-collateralized stablecoin that's soft-pegged to the US Dollar at a 1:1 ratio. DAI is issued through an Ethereum-based named the Maker Protocol.
May 20, 2024
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