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About Dai (DAI)
Dai is a decentralized stablecoin that maintains its value relative to the US dollar through a system of over-collateralized loans on the Ethereum blockchain. It was created and is managed by MakerDAO—a decentralized autonomous organization (DAO). Unlike centralized stablecoins, Dai uses smart contracts and collateral in the form of other cryptocurrencies to secure its price stability.
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