👉 DAI is a stable coin that has a steady value of one US dollar.
👉 DAI is an ERC20 token on the Ethereum blockchain.
👉 DAI is used in MakerDAO, a Lending system that allows borrow and lend. DAI is created whenever someone takes out a loan on MakerDAO
👉 DAI can be easily transferred between Ethereum wallets.
👉 DAI can be used as payment system in DeFi Applications
👉 UK or Europe users can spend DAI using the Monolith Visa debit card.
👉 Other stables coins: Tether, USDC, Gemini Coin and Facebook Diem.
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