#Dia

DAI is a stablecoin cryptocurrency that aims to maintain a value pegged to the US dollar. Unlike other stablecoins that are backed by a 1:1 reserve of fiat currency in a bank, DAI operates on the Ethereum blockchain and is backed by collateral, primarily other cryptocurrencies locked into smart contracts. It's part of the MakerDAO ecosystem, where users can generate DAI by collateralizing their crypto assets and taking out loans in the form of DAI. The stability of DAI is maintained through mechanisms within the MakerDAO protocol, adjusting the supply based on market demand to keep it close to $1 USD.