DAI market supply exceeds 10 billion DAI

DAI is the decentralized stablecoin that has become a key element of the MakerDAO ecosystem. In November 2019, developers introduced its multi-collateral version, enabling various crypto assets to be used as collateral. Currently, this is:

DAI is a stablecoin that has become a key element of the MakerDAO ecosystem. In November 2019, developers introduced its multi-collateral version, enabling various crypto assets to be used as collateral. Currently, it is:

DAI’s share in the overall supply of \”stablecoins\” stands at 5.64%. The perennial leader of the segment — Tether (USDT) — is at 45.16%.

According to CoinGecko, the total market capitalization of DAI stands at $9.55 billion. The asset ranks fifth in the stablecoins ranking, behind Terra USD, Binance USD, USD Coin and USDT.

In January, a group of insured FDIC financial institutions announced plans to promote a ‘regulated’ stablecoin.

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