-
Bitcoin $82,408.6480
-2.03% - Ethereum
$1,873.9441
-2.89% - Tether USDt
$1.0000
-0.01% - XRP
$2.2974
-5.22% - BNB
$594.4543
-0.37% - Solana
$129.8980
-2.64% - USDC
$1.0000
0.00% - Cardano
$0.7065
-4.96% - Dogecoin
$0.1674
-4.00% - TRON
$0.2140
-4.68% - Pi
$1.4543
-0.89% - UNUS SED LEO
$9.8099
0.10% - Chainlink
$13.5327
-3.78% - Toncoin
$3.3643
14.53% - Stellar
$0.2642
-3.77% - Hedera
$0.1855
-4.37% - Avalanche
$18.4004
-1.09% - Shiba Inu
$0.0...01268
-0.55% - Sui
$2.2306
-4.08% - Litecoin
$88.8871
-5.37% - Polkadot
$4.1962
-3.50% - Bitcoin Cash
$325.7626
-5.08% - MANTRA
$6.5535
0.67% - Ethena USDe
$0.9997
-0.02% - Dai
$1.0002
0.01% - Bitget Token
$4.3456
-1.76% - Hyperliquid
$13.3656
-6.29% - Monero
$209.8941
0.15% - Uniswap
$6.0283
-1.98% - Aptos
$5.1721
-2.63%
What currency is Dai? Where to trade Dai?
Dai, a stablecoin pegged to the US dollar, can be traded on leading cryptocurrency exchanges such as Coinbase, Binance, and Kraken.
Oct 03, 2024 at 08:05 pm
1. What is Dai?
Dai is a stablecoin, a type of cryptocurrency whose value is pegged to a fiat currency, in this case, the US dollar. Dai is designed to maintain a stable value against the dollar, making it less volatile than cryptocurrencies like Bitcoin or Ethereum.
2. Where to trade Dai?
Dai is traded on several major cryptocurrency exchanges, including:
- Coinbase
- Binance
- Kraken
- Gemini
- Poloniex
Additional Information:
- Mechanism of Stability: Dai's stability is maintained through a system of smart contracts and collateralization. Users must lock up a certain amount of collateral, usually Ether (ETH), to receive Dai. If the value of ETH falls below a certain threshold, users must provide additional collateral to maintain the stability of Dai.
- Use Cases: Dai is primarily used as a medium of exchange and a stable store of value. It can be used to purchase goods and services or as a hedge against volatility in other cryptocurrencies.
- Other Stablecoins: Dai is not the only stablecoin in existence. Other popular stablecoins include Tether (USDT), USD Coin (USDC), and Binance USD (BUSD).
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