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.
The story
Dai is a decentralised, crypto-collateralised stablecoin from the MakerDAO/Sky ecosystem, soft-pegged to the dollar through over-collateralisation and automated smart contracts rather than a company’s cash reserves.
The context
DAI’s appeal is a dollar-like asset not run by one company — but it trades that for different risks: smart-contract exposure, the volatility and composition of its collateral, and de-peg risk in stress. It is a tool for holding dollars on-chain, not a growth asset.
Its collateral mix — how much is crypto versus real-world assets and centralised stablecoins — the peg under stress, and Sky/MakerDAO governance changes.
The Digital Take is reasoning and data from the Bitcoin Digital Editorial team — context, not a buy or sell call. Not financial advice.
Dai vs peers
| Coin | Price | 24h | Market Cap |
|---|---|---|---|
| Dai DAI | $1.00 | +0.00% | $5.30B |
| Bitcoin BTC | $63,915.00 | -0.34% | $1.27T |
| Ethereum ETH | $1,793.87 | +0.07% | $216.16B |
| Tether USDT | $1.00 | +0.00% | $140.00B |
| BNB BNB | $572.06 | -0.48% | $80.09B |
| XRP XRP | $1.09 | -0.94% | $63.49B |
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 Bitcoin Digital’s Dai price come from?
Bitcoin Digital 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.