What keeps DAI stable?

Additionally, BTCC offers futures trading for Dai, enabling traders to speculate on the future price movements of the stablecoin. This service appeals to those with a more risk-tolerant approach, offering the potential for higher returns but also accompanied by greater risks.

When new Dai tokens are minted, these underlying cryptocurrencies are securely deposited into smart-contract vaults. These vaults are designed to be impenetrable, ensuring that the backing assets remain SAFE and inaccessible to unauthorized parties. This safeguarding mechanism is crucial in maintaining public trust in Dai's stability.

The utilization of smart contracts in this process underscores the innovative nature of Dai. By leveraging blockchain technology, Dai's creators have developed a self-regulating system that automatically adjusts the supply of Dai based on demand, further enhancing its stability.

Dai operates as a unique stablecoin within the cryptocurrency ecosystem, distinguished by its commitment to maintaining a stable value. This stability is achieved through a mechanism that anchors its worth directly to the US dollar, providing users with a reliable digital asset.

BTCC, a premier cryptocurrency exchange, recognizes the value that Dai brings to the market. As such, BTCC offers comprehensive services related to Dai, catering to the needs of traders and investors alike.