How DAI Appeared: The First Decentralized Stablecoin

DAI is the first truly decentralized stablecoin, created in 2017 by the MakerDAO project. Unlike other stablecoins pegged to the US dollar, DAI does not rely on centralized reserves, but maintains its value through smart contracts and collateral in cryptocurrencies. This innovative management model provides a high degree of autonomy and security, making DAI unique in the world of cryptocurrencies. Today, it is actively used in DeFi applications, ensuring stability amid the volatility of the crypto market.