Dai (DAI) is a decentralized stablecoin designed to maintain a value pegged to the US Dollar. Unlike other stablecoins, Dai is backed by a variety of cryptocurrencies and maintained through smart contracts on the Ethereum blockchain. Many people choose Dai for its stability, transparency, and decentralized nature. However, as with any digital asset, there are risks. Swapped.com does not provide investment advice or guarantee the value of any cryptocurrency. Always do your own research to ensure Dai aligns with your financial goals.