Cryptocurrency Q&A Is DAI linked to USDC?

Is DAI linked to USDC?

EmmaWatson Thu May 16 2024 | 5 answers 1397

I'm curious about the relationship between DAI and USDC. Are they somehow interconnected? DAI is a decentralized stablecoin built on the Ethereum blockchain, while USDC is a centralized stablecoin issued by Circle and Coinbase. Do they share any similarities or dependencies? Or are they completely separate entities operating independently in the crypto ecosystem? Could you please elaborate on their relationship, if any, based on your knowledge in the field of cryptocurrency and finance? Is DAI linked to USDC?

Is DAI linked to USDC?

dai usdc linked

How does DAI keep its value?

What is DAI coin backed by?

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