Unlike other top stablecoins, Dai has no central governing body that could freeze assets. A decentralized autonomous organization (DAO) regulates Dai, and smart contracts manage the stablecoin itself.

Liquidity on Compound is shifting dramatically between assets as new rules for distribution of its governance token, COMP, take effect. Compound's website reports a gross supply of 401 million DAI ...

Dai (DAI) is a decentralized stablecoin pegged to the U.S. dollar. Unlike centralized stablecoins, Dai’s value is maintained through a system of collateralized debt and smart contracts on the Ethereum ...

Decentralized finance (DeFi) protocol Ethena’s stablecoin, USDe, has surpassed Sky’s Dai (DAI) in total market capitalization, becoming the third-largest stablecoin after Tether’s USDt (USDT) and USD ...