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Live dai Price
₹87.01
0.0027%
Price Changes
₹0
0.0027%
24h Low
₹84.02
24h High
₹87.01
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DAI is a decentralised cryptocurrency that is created and governed by MakerDAO. MakerDAO is a Decentralised Autonomous Organization. The Maker Protocol enables users to generate Dai by using collateral assets approved by the “Maker Governance.”
About Dai Coin
This digital money is open to everyone or any business and can offer its advantages. DAI is a cryptocurrency that is backed by fiat currency. The value of 1 Dai is equal to 1$. Thus it makes Dai a stable coin. By the mid of 2021, Dai had a circulating supply of about 5.5 billion units, which put it in fourth place among stable currencies.
Dai is a stablecoin backed by the US dollar. When the price of Dai Coin goes below its assigned value of 1$, the Decentralized Autonomous Organization boosts interest rates on loans which encourages users to get rid of Dai and close their loans. When DAI costs more than $1, the organisation performs the opposite procedure and handles the situation.
The Dai platform ensures greater stability and usability. In the below section, we can see the uses of the Dai platform:
0x
Price
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₹0
24h Price Difference %
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₹0
7d Price Difference %
₹0
₹0
Market Cap
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24h Trade Volume
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Circulating Supply
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Market Rank
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1. What’s the main reason behind DAI’s stability?
Dai is considered to be very stable. It can be used as conventional money like a Dollar as the value of 1 Dai is also 1 US Dollar.
2. Is Dai completely safe?
Even though its price is close to 1$, it is not 100% pegged currency. But its volatility is extremely low. So, we can consider it safe to an extent.
Highlight
DAI is a cryptocurrency that is backed by fiat currency. The value of 1 Dai is equal to 1$.
DAI Price Today
DAI Price
₹87.0088
Price Change 24h
0%
Price Change 7d
2.23%
Market Rank
#19
Market Cap
₹45,076 Cr.
Trade Vol 24h
₹872 Cr
Circulating Supply
₹537 Cr. DAI
Trading Activity
0% Buy100% Sell
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.