#EthereumFuture DAI is a decentralized stablecoin that aims to maintain a value of 1 US dollar (USD). It’s part of the MakerDAO ecosystem, which is built on the Ethereum blockchain.

Here’s a quick breakdown:

Stablecoin: DAI is designed to be stable in price, unlike most cryptocurrencies which can be very volatile.

Decentralized: Unlike centralized stablecoins like USDT (Tether) or USDC (Circle), DAI is not controlled by a single company. It’s governed by a decentralized community through MakerDAO.

Collateral-backed: DAI is created when user