Dai Price
What is Dai
Dai is a stablecoin, that is, a crypto pegged to another asset. Dai value is set at one USD, much like other popular stablecoins such as USDC or USDT. Note that this does not mean the price of Dai will be exactly one USD, but it remains relatively stable.
Dai has one distinctive feature, though: it is decentralized. There isn't a single issuing authority or a bank account holding one USD for every Dai in circulation. Instead, DAI price is backed by collaterals in other cryptos, and anyone can issue Dai as long as they follow the protocol.
What keeps DAI price stable
The exact mechanism of keeping Dai price stable is quite complex. If you're interested in crypto, it is well worth your own research.
In a nutshell: Dai worth is backed by collateral and maintained by a self-regulating mechanism. Anyone who provides a collateral can issue Dai, and users are incentivized to keep the DAI price stable, creating or destroying new tokens.
It's important to note that this system works, as shown by this Dai price chart. Even during some notable shake ups in the crypto market, Dai price in USD has seen limited change.
How to use this price chart
This Dai price tracker provides live Dai price in 90+ local currencies. By default, it shows the Dai price today or, more specifically, over the last 24 hours. You can select different time frames and currencies from the dropdown menu.
All rates are continuously updated, so you can be sure you're getting the current Dai price.
This chart also shows useful data such as market cap and circulating supply.
Finally, you can actually buy Dai without leaving this site! Click the “Buy” button on this chart and get your crypto at Paybis, a leading fiat-to-crypto exchange!
What can you do with Dai
Dai is used much like other stablecoins: it can be easily exchanged for other assets, such as other cryptos. Dai can also be invested in different decentralized finance (DeFi) projects, allowing you to earn passive income.
As a stablecoin, Dai is not particularly suitable for HODLing, that is, keeping it and waiting for its price to increase. Barring any major shifts, Dai price now is close to where it'll be in the future. If you're looking for an investment opportunity, you may check out a closely related coin named Maker, also available on the Paybis exchange.
Dai price today
As you can see from Dai price history, the token indeed has performed as designed, remaining close to 1 US dollar. Note that it has done so without a single issuing authority, which serves as proof that the mechanism works.
Why not try it yourself? You can get your Dai without leaving this site — and at Paybis, your purchase will be just as simple as using this tool.
