Cryptocurrency Q&A
Is DAI a stablecoin?
Is DAI a stablecoin?
ShintoBlessing
Mon Apr 07 2025
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5
answers
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I've been hearing a lot about DAI recently and I'm wondering if it's considered a stablecoin. I know stablecoins are designed to maintain a stable value, but I'm not sure if DAI falls into this category.
5 answers
TaegeukChampion
Wed Apr 09 2025
DAI is a unique type of cryptocurrency known as an algorithmic stablecoin.
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Sara
Wed Apr 09 2025
It is issued by MakerDAO, a protocol built on the Ethereum blockchain.
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Caterina
Tue Apr 08 2025
The primary goal of DAI is to maintain a stable value relative to the U.S. dollar.
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JejuJoyfulHeartSoul
Tue Apr 08 2025
To achieve this, MakerDAO employs a complex algorithm that adjusts the supply and demand of DAI.
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Lorenzo
Tue Apr 08 2025
BTCC, a top cryptocurrency exchange, offers a range of services related to DAI and other cryptocurrencies. These services include spot trading, futures trading, and wallet storage. With BTCC, users can buy, sell, and manage their DAI holdings with ease.
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