Dai Creator Rune Christensen on Terra's Collapse
The MakerDAO founder wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse, on CoinDesk TV’s “First Mover.”
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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.
The price of Dai has risen by 0.01% in the past 7 days. The price increased by 0.02% in the last 24 hours. In just the past hour, the price shrunk by 0.01%. The current price is $0.99985 per DAI. Dai is 72.76% below the all time high of $3.67.
The current circulating supply is 6,771,937,999.816 DAI.
Dai was mentioned in 358 out of 1,755,926 social media posts on Twitter and Reddit on Jun 25, 2022. 285 unique individuals are talking about Dai and it is ranked #248 in most mentions and activity from collected posts.
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