What makes Dai Stablecoin special?
The DAI token is a stablecoin that is pegged to the US dollar, managed by the MakerDAO decentralized autonomous organization on the Ethereum blockchain. It maintains its value close to one US dollar through a system of smart contracts that automatically manage the reserves of other cryptocurrencies backing it. This stablecoin offers an alternative to traditional banking and financial systems by providing a stable value currency that can be used in global transactions, lending, and other financial applications without the volatility typical of many other cryptocurrencies.