What is DAI coin? Introduction to DAI coin issuance and online trading platform
DAI coin is a decentralized stablecoin backed by Ethereum mortgage assets and pegged to the value of the US dollar. As of now, the issuance of DAI coins is approximately 7.1 billion, which can be used for stable value storage, collateral, trading and lending.
Introduction to DAI Coin
DAI is a decentralized stablecoin pegged to the value of the U.S. dollar and backed by collateralized assets on the Ethereum blockchain. The DAI coin is managed by the cryptocurrency stablecoin platform MakerDAO and aims to provide a stable and predictable value storage medium.
DAI Coin Issuance
As of the time of writing, the total circulation of DAI coins is approximately 7.1 billion. The issuance of DAI coins is strictly controlled by a governance mechanism to ensure the stability of its value relative to the US dollar.
DAI Coin Online Trading Platform
DAI Coin has been listed on many major cryptocurrency trading platforms, including:
- Binance
- Coinbase
- Kraken
- Gemini
- Huobi Global
Usage of DAI coin
The main uses of DAI coin include:
- Stable value storage: DAI coin is pegged to the US dollar, providing a stable and secure way to store value.
- Collateral: DAI coins can be used as collateral in other DeFi protocols to borrow other cryptocurrencies or stablecoins.
- Trading: DAI Coin can be used as a medium of exchange for other cryptocurrencies or fiat currencies.
- Lending: DAI coins can be used in lending protocols to lend or borrow funds.
Dai Latest Price and Trends
Current Price: $1.00
Changes
- Factors Behind 0.0145% Increase in Last 24 Hours
Factors causing Dai price to rise still not clear.
Future Trend Analysis
Dai’s price trend is likely to continue to remain stable as it is pegged to the US dollar. However, market sentiment can have an impact on prices.
Action
Investors looking to invest in Dai should pay close attention to market dynamics and conduct price research.
Short Term Forecast
Based on current information, Dai is likely to remain around its current price in the short term.
Indicator
- Trading volume: 183070754.72018 USD
- Circulation volume: 5347888595.7464 Dai
- Circulation market capitalization: 5348198755.3798 USD
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