Convert DAI to USD instantly - Follow the steps bellow
This tool helps investors easily check the current DAI USD exchange rate. You can verify DAI’s peg to the US dollar and other currencies by following the steps outlined below:
To convert DAI to USD, enter any amount in the box on the left side of the tool (DAI). The tool will automatically calculate and present the current exchange rate on the right side (USD).
To use the tool in reverse, enter any amount in the box on the right side of the tool (USD). The tool will instantly depict the DAI price on the left box.
If you wish to change currencies, click on the USD tab on the right side and choose another option.
If you wish to change cryptocurrencies, click on the DAI tab on the left side and pick any option from the ones available.
Checking the historical price action of DAI
When looking back at the DAI/USD price change over time, we see little to no divergence. Since its creation in December 2017, DAI has always maintained a stable peg with the US dollar, and any discrepancies are only temporary and very small (<0.2%).
Having said that, when you plan on borrowing a large amount of DAI or plan on making a significant purchase, it is important to use the DAI calculator beforehand. By doing so, you make sure that there are no temporary discrepancies in price, and your DAI to USD conversion is exactly 1:1.
What is DAI, and what are its main features?
DAI is a popular stablecoin that can be minted on Maker Protocol by offering a number of different cryptocurrencies as collateral. Due to its non-volatile nature, DAI can be used in a number of different ways and offers investors a number of opportunities on the Ethereum network. More specifically:
Since the DAI to US dollar value is equal, you can use the tokenized version to generate interest that is much higher than storing your funds in a bank.
Convert volatile tokens into DAI after a price increase to secure investment profits.
Hold part of your portfolio in DAI to “buy fear”, a term often used to describe declining market conditions due to sentiment change.
Use DAI for purchases in blockchain-based games. Such dapps prefer DAI to dollar since they are decentralized.
You can purchase DAI on both centralized and decentralized exchanges. If you wish to buy DAI through Paybis, click on the “Buy now” button under the DAI to USD tool. You will be redirected to a transaction page. Once there, you can buy DAI and send it directly to your private wallet.
