The Block • May 05, 24
Ethereum stablecoin volume shattered its monthly record in April, thanks to DAI
Flash loans using DAI appear to have pushed Ethereum stablecoin volumes to their highest monthly levels seen yet.
Read more
1 Dai equals 1.00 USDC
Last update: 7:20 PM, May 9, 2024
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The current DAI to USDC conversion rate is 1. Inversely, this means that if you convert 1 USDC you will get 1 DAI.
The conversion rate of DAI/USDC has decreased by 0.01% in the last hour and grown by 0% in the last 24 hours.
About Dai (DAI)
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
About USDC (USDC)
USDC is a stablecoin redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. Note: Coinbase only supports USDC running on Ethereum (ERC-20).
Amount (DAI) | Amount (USDC) |
---|---|
0.5 DAI | 0.50 USDC |
1 DAI | 1.00 USDC |
5 DAI | 5.00 USDC |
10 DAI | 9.99 USDC |
50 DAI | 49.97 USDC |
100 DAI | 99.94 USDC |
500 DAI | 499.72 USDC |
1,000 DAI | 999.43 USDC |
Amount (USDC) | Amount (DAI) |
---|---|
0.5 USDC | 0.50 DAI |
1 USDC | 1.00 DAI |
5 USDC | 5.00 DAI |
10 USDC | 10.01 DAI |
50 USDC | 50.03 DAI |
100 USDC | 100.06 DAI |
500 USDC | 500.28 DAI |
1,000 USDC | 1,000.57 DAI |
Last update: May 9, 2024 at 7:19 PM |
24 hours ago | Change (24h) | 1 week ago | Change (1W) | 1 month ago | Change (1M) | 1 year ago | Change (1Y) |
---|---|---|---|---|---|---|---|
1.00 USDC | -0.04% | 1.00 USDC | -0.06% | 1.00 USDC | -0.04% | 1.00 USDC | -0.05% |
Last update: May 9, 2024 at 7:19 PM |
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The Block • May 05, 24
Ethereum stablecoin volume shattered its monthly record in April, thanks to DAI
Flash loans using DAI appear to have pushed Ethereum stablecoin volumes to their highest monthly levels seen yet.
Read more
The Block • Apr 23, 24
CoinFund and Distributed Global lead $5.5 million seed round for decentralized AI firm Prime Intellect
Prime Intellect plans to create a decentralized protocol for ownership over collaboratively trained AI models.
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BeInCrypto • Apr 02, 24
Ethena Protocol’s USDe Gains MakerDAO’s Vote of Confidence With $600 Million Stake
MakerDAO contemplates a significant DAI allocation to the growing USDe synthetic dollar stablecoin.The post Ethena Protocol’s USDe Gains MakerDAO’s Vote of Confidence With $600 Million Stake appeared first on BeInCrypto.
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CoinDesk • May 02, 24
Tokenized Private-Credit Platform Untangled Opens Its First USDC Lending Pool on Celo
Private credit has been at the forefront of crypto's asset tokenization trend with over $600 million outstanding on-chain assets.
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Messari • May 02, 24
State of Celo Q1 2024
Celo’s capabilities to support payment and other real-world applications took a notable stride in Q1 with the integrations of native USDC and USDT. Subsequent proposals were passed to enable users to pay transaction fees in those native stablecoins. One of the standout payments applications on Ce...
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Blockworks • Apr 11, 24
Circle debuts way to trade BlackRock tokenized fund shares for USDC
Circle’s new smart contract to allow holders of BlackRock USD Institutional Digital Liquidity Fund to redeem shares for its stablecoin
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