According to Foresight News, the supply of the stablecoin DAI has increased by 20% within three months, reaching $5.3 billion. The stablecoin market value rankings show that USDT, USDC, and DAI are the top three.
DAI is a decentralized stablecoin issued by the DeFi protocol MakerDAO. It maintains a 1:1 peg with the US dollar and operates through over-collateralization.