Unlike other top stablecoins, Dai has no central governing body that could freeze assets. A decentralized autonomous organization (DAO) regulates Dai, and smart contracts manage the stablecoin itself.

Demand for Ethereum-based stablecoins exploded during the third-quarter DeFi bubble, with Dai’s supply growing by more than 600% and USDC expanding 200%. Decentralized finance’s explosive third ...

Liquidity on Compound is shifting dramatically between assets as new rules for distribution of its governance token, COMP, take effect. Compound's website reports a gross supply of 401 million DAI ...

Dai (DAI) is a decentralized stablecoin pegged to the U.S. dollar. Unlike centralized stablecoins, Dai’s value is maintained through a system of collateralized debt and smart contracts on the Ethereum ...

Coins with Ethereum's logo and US dollar bills are seen in Shiyan city, Hubei Province, China. The project has faced numerous challenges, including capital inefficiency and centralized points of ...