Dai Price
Dai (DAI) is a decentralised stablecoin that aims to stay close to one US dollar, but it works very differently from Tether or USDC. Instead of being issued by a company holding cash reserves, DAI is created by a decentralised protocol (from the MakerDAO/Sky …
Market data via Binance · signals computed live from daily closes · not financial advice.
Supply structure
Dai has no fixed maximum supply. Circulating supply is a curated estimate used to derive market cap.
What the markets price for Dai
Implied probabilities from live Polymarket prediction markets that mention Dai. Each figure is the market-priced chance of the outcome resolving Yes — a crowd forecast, not ours.
Source: Polymarket · probabilities reflect current market prices and change continuously. Shown for context only — not a forecast, endorsement or financial advice.
Convert Dai to US Dollar
Two-way DAI ↔ USD at the live Binance price. Type an amount in either field, or tap a preset.
About Dai
Dai (DAI) is a decentralised stablecoin that aims to stay close to one US dollar, but it works very differently from Tether or USDC. Instead of being issued by a company holding cash reserves, DAI is created by a decentralised protocol (from the MakerDAO/Sky ecosystem) and backed by crypto and other collateral locked in smart contracts.
To keep DAI near a dollar, the system requires borrowers to lock up more value in collateral than the DAI they generate — a model called over-collateralisation — along with automated mechanisms that respond to price movements. Over time the collateral backing DAI has broadened to include other assets.
DAI’s decentralised design is a strength for those who want a stablecoin not controlled by a single company, but it carries its own risks: smart-contract vulnerabilities, the quality and volatility of its collateral, and the possibility of de-pegging in extreme conditions. DAI is a dollar proxy, not an investment that grows.
How Dai reaches consensus
Not mineableDAI is an Ethereum token issued against on-chain collateral rather than mined. It inherits Ethereum's proof-of-stake security.
Dai vs peers
| Coin | Price | 24h | Market Cap |
|---|---|---|---|
| Dai DAI | $1.00 | +0.00% | $5.30B |
| Bitcoin BTC | $63,415.13 | -0.39% | $1.26T |
| Ethereum ETH | $1,877.47 | -0.25% | $226.24B |
| Tether USDT | $1.00 | +0.00% | $140.00B |
| BNB BNB | $609.81 | -0.68% | $85.37B |
| USD Coin USDC | $1.00 | +0.02% | $60.05B |
Dai FAQ
What is Dai (DAI)?
Dai is a decentralised stablecoin that aims to stay near one US dollar. It is created by a protocol and backed by crypto and other collateral in smart contracts, rather than by a company’s cash reserves.
How is Dai different from USDT or USDC?
USDT and USDC are issued by companies holding reserves. Dai is generated by a decentralised protocol and backed by over-collateralised crypto and other assets.
What is over-collateralisation?
Borrowers must lock up more value in collateral than the Dai they create, providing a buffer that helps keep Dai near its one-dollar target.
Can Dai lose its peg?
Yes. In extreme market conditions or if its collateral falls sharply in value, Dai can trade away from one dollar. It is not a guaranteed claim.
Where does Cryptocurrency Miners’s Dai price come from?
Cryptocurrency Miners shows Dai at its intended one-dollar peg where a live trading pair is unavailable, and market cap is derived from a curated circulating-supply figure.