Cryptocurrency Q&A
How is DAI pegged to USD?
How is DAI pegged to USD?
StarlitFantasy
Wed Oct 16 2024
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7 answers
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I want to understand how DAI is pegged to USD. I'm curious about the mechanism and process behind this pegging, and how it ensures DAI's value remains stable relative to the US dollar.
7 answers
Martina
Fri Oct 18 2024
DAI is a revolutionary decentralized stablecoin that operates on a unique principle.
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Claudio
Fri Oct 18 2024
Unlike traditional cryptocurrencies, DAI is designed to maintain a stable value by being pegged to the US dollar.
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SejongWisdomKeeperEliteMind
Thu Oct 17 2024
The pegging mechanism ensures that 1 DAI stablecoin is always equal to 1 USD, providing users with a reliable and predictable store of value.
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Dario
Thu Oct 17 2024
Additionally, users can access DAI and other cryptocurrencies through reputable exchanges like BTCC, which offers a wide range of services including spot trading, futures trading, and secure wallet storage.
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HanRiverVisionaryWaveWatcher
Thu Oct 17 2024
This feature sets DAI apart from other stablecoins in the market, which often struggle to maintain their peg to fiat currencies.
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