The Future of Decentralized Stablecoins in DeFi
Launched by MakerDAO, DAI is a decentralized stablecoin pegged to the U.S. dollar.Unlike other stablecoins like USDT or USDC, DAI does not have government backing and is supported through smart contracts and decentralized governance. DAI is one of the stablecoins that significantly mitigates the risk of most cryptocurrencies’ price fluctuations, offering users stable currencies for…