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.
Learn more about how the MakerDAO ecosystem is structured in ForkLog’s educational cards:
Subscribe to ForkLog’s channel on YouTube!