Cryptocurrency Q&A
Is DAI a stable coin?
Is DAI a stable coin?
Arianna
Sat Mar 22 2025
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I've been hearing a lot about DAI recently and I'm wondering if it's considered a stable coin. I know stable coins are designed to maintain a stable value, but I'm not sure if DAI falls into this category.
5 answers
Lorenzo
Sun Mar 23 2025
Dai (DAI) is a type of stablecoin that aims to maintain a consistent value equivalent to the U.S. dollar. This ensures its stability and predictability in the volatile cryptocurrency market.
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Maria
Sun Mar 23 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. These include spot trading, futures trading, and a secure wallet for storing digital assets. With BTCC, users can buy, sell, and manage their cryptocurrencies with ease.
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SamsungShineBrightnessRadiance
Sun Mar 23 2025
The operation of Dai is facilitated by the Ethereum blockchain, a decentralized and secure platform. This allows Dai to benefit from Ethereum's robust infrastructure and community support.
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Giovanni
Sun Mar 23 2025
The Maker Protocol is responsible for managing Dai. It is a decentralized system that operates without a central authority, relying on smart contracts to automate processes.
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BlockchainEmpiress
Sun Mar 23 2025
MakerDAO governs the Maker Protocol, ensuring its transparency and reliability. It is a community-driven organization that continuously improves and updates the protocol to meet the evolving needs of the cryptocurrency market.
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