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Dai (DAI) is a crypto asset that is pegged to the US dollar (1:1 value). Dai is the product of an open-source software called the Maker protocol and aims to be considered the world’s first decentralized coin. It is backed by the Etherium smart contracts that can be viewed on the Etherium blockchains. Dai is popular due to its stable 1:1 value with the US dollar and its transparency.
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