stablecoins
What is DAI?
Key Takeaways * DAI is a decentralized, crypto-backed stablecoin pegged to the US dollar, designed to operate without centralized control. * DAI plays a major role in web3 payments, crypto payments, and stablecoin payments, especially within decentralized finance. * Unlike fiat-backed stablecoins, DAI is governed by smart contracts and collateralized by crypto assets,