What currency is DAI? How many DAI coins are issued in total?

DAI is a stablecoin pegged to the US dollar and managed by MakerDAO. Its token supply has no upper limit, but its issuance is pegged to the value of the collateral, that is, it increases as the value of the collateral increases.

What currency is DAI?

DAI is a stablecoin pegged to the US dollar and managed by the decentralized autonomous organization (DAO) MakerDAO.

How many DAI coins are issued in total?

DAI’s token supply is uncapped, but its issuance is tied to the value of the collateral held by MakerDAO. In other words, when someone borrows DAI, they must collateralize ETH or another supported asset. Therefore, the supply of DAI increases as the value of the collateral increases. D The factors behind the rise in AI prices are still Not sure.

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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