Since its inception in 2017, Dai (DAI) takes pride in being the first stablecoin cryptocurrency built on the Ethereum blockchain. It is a product of a decentralized organization named MakerDAO that is focused on enhancing stability and security in the crypto sector. The entity has two tokens- DAI and MKR. Dai news signifies that the Dai coin is a USD-pegged stablecoin which is fully decentralized and has no central governing authority. On the other hand, the MKR token works as a governance token used by the community members to manage the DAI network. Where the value of other reputed stablecoins is supported directly against USD, Dai is backed by collaterals on the Maker platform that can be viewed publicly on the Ethereum blockchain network. Whenever the Dai coin price crosses the value of $1, the smart contract pricing systems strive to decrease the price, and when the price goes below $1 value, the mechanisms work to boost the Dai crypto price. The latest Dai news available on the official website clarifies that the firm has fixed the total supply for the coin at a volume of 13,751,882 SAI. The Dai latest news talks about Dai’s fast-exploration in a wide range of business entities across the globe. Latest DAI news affirms that DAI coin can be used as a potential short-term investment. The current Dai news affirms that DAI can be used in trading pairs with leading cryptocurrencies on various exchanges like Liquid, Kraken, Bittrex, etc. The DAI price news recorded its highest value of USD 1.37 on February 3, 2018, and its lowest value of USD 0.720637 on January 11, 2018. The Dai latest news today indicates that the currency will not have a significant jump or fall in its price in the coming years.
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