Dai (DAI) Crypto Exchange

DAI, introduced by MakerDAO in 2017, is a decentralized stablecoin on the [Ethereum](https://changenow.io/currencies/ethereum) blockchain. It was created by the Maker Foundation that was introduced in 2014. It tackles the issue of volatility in cryptocurrencies by pegging its value to the US dollar at a 1:1 ratio. Operated through smart contracts, the coin ensures transparency and security. Playing a vital role in the MakerDAO ecosystem, the coin grants users access to blockchain benefits while minimizing exposure to price fluctuations. It serves various purposes such as payments, remittances, and a store of value. Traders also use it to hedge against market volatility. To acquire DAI, users can interact with the MakerDAO platform or trade Ethereum for it at a fixed exchange rate. The coin is also available on cryptocurrency exchanges. Overall, the project offers a stable alternative to traditional cryptocurrencies, providing the advantages of blockchain technology without inherent volatility. It has gained popularity for everyday transactions among individuals and businesses.