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() price performance.

The current price is as in the last 24 hours its value has changed by . ranks number in terms of market capitalization. is a cryptocurrency you can buy, sell, or exchange on the Nexo platform.

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Custody, trading and futures are provided by Tangany and DLT Finance under their MiCA and MiFID authorisations. Earn rewards and crypto-backed loans are separate products, offered under their own terms and outside the scope of those authorisations. Learn more.

What is Dai (DAI)?

Dai (DAI) is a decentralized, collateral-backed stablecoin designed to maintain a 1:1 peg with the U.S. dollar. Unlike centralized stablecoins that rely on fiat reserves held by custodians, Dai is generated through smart contracts on the Ethereum blockchain. This model offers greater transparency and resilience by removing the need for traditional intermediaries.

Dai is issued by the Maker Protocol and governed by MakerDAO, a decentralized autonomous organization composed of MKR token holders. Users generate Dai by locking up collateral assets such as ETH, WBTC, or other approved tokens in Maker Vaults. These positions ensure that every DAI in circulation is fully backed by overcollateralized assets, maintaining the stablecoin’s value regardless of market volatility.

What sets Dai apart is its decentralized nature. It operates entirely on-chain, with governance decisions — such as collateral types, risk parameters, and system upgrades — voted on by the MakerDAO community. 

Dai is priced to mirror the U.S. dollar and trades close to . The current market capitalization is . DAI reached its all-time high of on . There are DAI tokens in circulation, from a total supply of , with a maximum supply of .

You can buy Dai using your credit or debit card directly on Nexo, or explore additional payment options for access. Proceed to the Nexo Exchange to buy DAI.

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Find answers to all your questions about .

What is Dai crypto?

Dai (DAI) is a decentralized stablecoin designed to maintain a value close to 1 US dollar. It’s issued by the MakerDAO protocol and is backed by overcollateralized crypto assets rather than fiat reserves. Unlike centralized stablecoins, Dai operates entirely on-chain and is governed by a decentralized community.

How does Dai coin work?

Dai is created when users lock up collateral in smart contracts on the MakerDAO platform. The system automatically adjusts collateral requirements to help Dai stay near its target value of $1. It runs entirely on the Ethereum blockchain and uses decentralized governance to update risk parameters and maintain system stability.

How to buy Dai?

To buy DAI on Nexo:

  1. Log in to your Nexo account
  2. Visit the Dai page
  3. Choose your payment method
  4. Enter the amount and complete the purchase

DAI can be purchased using crypto, a card, or a bank transfer, depending on what’s available in your region.

How to mine Dai coin?

Dai cannot be mined. It’s generated through smart contracts when users deposit collateral on the MakerDAO protocol. This mint-and-burn mechanism replaces traditional mining and keeps the supply aligned with demand.

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