What is DAI and how does it function as a stablecoin?

What’s DAI? DAI is a stablecoin cryptocurrency that strives to maintain a stable value equivalent to the U.S. dollar at a 1:1 ratio. To govern and regulate its value, DAI operates under the decentralized governance of MakerDAO. Notably, MakerDAO achieved a significant milestone as one of the early pioneers to successfully transition from a centralized…

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