Dai DAI

A decentralized stablecoin created by MakerDAO
Profile

Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives. The Dai token lives on the Ethereum blockchain; its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties. All circulating Dai are generated from Maker Vaults and are backed by a surplus of collateral assets. Dai is used in the same manner as any other cryptocurrency: It can be freely sent to others, used as payments for goods and services, be held as a hedge against market volatility, etc.

Recent News
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Tether Blacklists 39 Ethereum Addresses Worth Over $46 Million
8h · Coin Telegraph · Tether (USDT) has blacklisted 39 Ethereum addresses worth $46 million in USDT, with 24 holding a total of over 5.5 million USDT being blacklisted this year.
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NY Supreme Court Approves Investigation Into $10 Billion Cryptocurrency Created By A Presidential Candidate
17h · Forbes · Getty Images for The Sime Awards The New York Supreme Court today unleashed the state’s attorney general to investigate a number of businesses behind the tether cryptocurrency.
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Centre Freezes Ethereum Address Holding $100K USDC
Jul 09 · Coin Telegraph · Centre, the company that issues the stablecoin USD Coin (USDC) has blacklisted an Ethereum address holding $100,000 in USDC in response to a law enforcement request.
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Crypto Lender Nexo Enters Prime Broker Race, Enlists Chainlink for Audits
Jul 08 · CoinDesk · Crypto lender Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that bring more transparency to its operations.
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Gelato Gives Developers a New ‘Money Lego’ Tool for DeFi Applications
Jul 07 · CoinDesk · And, according to a blog post shared early with CoinDesk, decentralized exchange (DEX) Gnosis will be the first major platform to integrate Gelato, allowing users to swap and withdraw tokens in a “seamless Uniswap-like UX.”
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