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MakerDao DAI: Safe Stablecoin for Hodling?Dai (beta) is a stable coin implemented as an ERC20 token on the Ethereum blockchain. Designed to maintain parity with the US Dollar its value is backed. Rune Christensen, the founder of DeFi pioneer MakerDAO, said that decentralized stablecoins would be dominant if crypto lives up to its full. MakerDAO enables the generation of Dai, the world's first unbiased currency and leading decentralized stablecoin.
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