Cryptocurrency Q&A What is DAI coin pegged to?

What is DAI coin pegged to?

Martino Martino Mon Oct 28 2024 | 5 answers 1390
I'm interested in understanding the pegging mechanism of DAI coin. Specifically, I want to know what asset or value DAI is pegged to. What is DAI coin pegged to?

5 answers

ShintoSanctum ShintoSanctum Wed Oct 30 2024
DAI maintains a stable value equivalent to the real price of the US dollar.

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Raffaele Raffaele Wed Oct 30 2024
The exchange rate is consistently maintained at 1 DAI equal to $1.

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HallyuHeroLegendaryStar HallyuHeroLegendaryStar Tue Oct 29 2024
The Maker project currently supports tokens that adhere to the ERC-20 standard.

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CryptoNinja CryptoNinja Tue Oct 29 2024
Despite this limitation, developers are actively working on expanding the project's capabilities.

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Alessandro Alessandro Tue Oct 29 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot and futures trading, as well as a wallet. With its comprehensive offerings, BTCC is well-positioned in the market.

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