Uncovering Stablecoins

Stablecoins Stablecoins are digital currencies that aim to be non-fluctuating assets similar to regular currencies used across countries to buy goods and services. The national currencies issued by governments are important in making economies function as, despite inflation, fluctuating exchange rates, and other factors, the value of most of these currencies do not fluctuate much… Continue reading Uncovering Stablecoins

DAI Stablecoin: The Philosophy Behind

DAI Stablecoin

Dai is a cryptocurrency-backed stable coin that can be generated by keeping any asset as a collateral in the protocol. According to the whitepaper of Maker protocol, Dai is a decentralized, unbiased, collateral backed cryptocurrency soft pegged to the US dollar. Read more in this article.