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DAI to USD Live Price Converter

DAI to USD Calculator

1 USD1.01 DAI
DAI
DAI
Dai
$ 0.99
0.03 %
Today’s best price

Dai, the native digital currency of a decentralized network, made its dynamic debut on the Ethereum blockchain network towards the end of 2017. What sets Dai apart is its unique mechanism for maintaining its peg to the US dollar, making it a standout stablecoin in the crypto universe.

This innovative DAI-USD peg relies on a complex network of smart contracts and ecosystem participants. Dai’s regulation and maintenance are overseen by a governance system implemented by MakerDAO, with the MKR token playing a key role in governance.

Dai has evolved over time, with two versions coming into play: Single-Collateral Dai (SAI) and Multi-Collateral Dai (MCD). SAI, backed solely by Ethereum, had a fixed stability fee and utilized automatic liquidation. On the other hand, MCD, the advanced version, can be backed by various types of collateral, offers a flexible stability fee, and employs a keeper system for liquidation. SAI has since been retired and replaced by MCD, with SAI holders having migrated to MCD.

However, Dai’s journey hasn’t been without bumps. In February 2023, Dai’s depegging led to a staggering $3 billion loss for the protocol, sparking conversations about the need for a backup system. To avoid a repeat of such depegging incidents, MakerDAO is pondering the implementation of an emergency switch. This switch is designed to arm the protocol with the adaptability needed to navigate market fluctuations and ensure the stability of the Dai stablecoin.

Bookmark Bitsgap’s lightning-fast crypto converter and calculator now! Stay on top of the market with 24/7 live updates on the hottest crypto-to-fiat rates, including BTC, ETH, XRP to USD, EUR, GBP.

Real-time DAI Price Rates in USD

DAI Price Information

ATH
$ 3.67
Market Cap
$ 5.4B
Price change (24h)
+0.03 %
Price change (7h)
+0.02 %
24h Volume
$ 136M
Max Supply
0

DAI Live Data

The current DAI price is $ 0.99, which is 0.03% change in the past 24 hours and 0.02% in the past 7 days. DAI’s live market cap is $ 5.4B. The 24-hour trading volume is $ 136M.

The conversion rates are calculated using the Live DAI Price Index along with other digital asset price indices. The DAI/USD exchange rate is updated in real-time.

Follow Bitsgap’s crypto converter and calculator for 24/7 live updates of the exchange rates between crypto and fiat currencies, including BTC, ETH, XRP to USD, EUR, GBP.

DAI Supported Exchanges

ExchangePriceVolume
Bybit
Bybit
--
Kraken
Kraken
--
WhiteBit
WhiteBit
--
Crypto.com
Crypto.com
--
OKX
OKX
--
Kucoin
Kucoin
--
Poloniex
Poloniex
--
Bitget
Bitget
--
Bitfinex
Bitfinex
--
Binance US
Binance US
--
HitBTC
HitBTC
--
Gate.io
Gate.io
--
Binance
Binance
--
Coinbase
Coinbase
--
BitMart
BitMart
--
Gemini
Gemini
--

The exchange rate of Dai is increasing.

The current value of 1 DAI is 0.99 USD. Inversely, 1.00 USD would allow you to trade for 1.01 DAI, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 0.02%. Meanwhile, in the last 24 hours, the rate has changed by 0.03%. This time last month, the value of 1 DAI was 0.99 USD, which is a 0.08% increase from where it is now. Looking back a year, DAI has changed by -0.01 USD.

DAI to USD

AssetToday at 02:15 PM
0.5 DAI0.5 USD
1 DAI0.99 USD
5 DAI4.97 USD
10 DAI9.94 USD
50 DAI49.71 USD
100 DAI99.42 USD
500 DAI497.08 USD
1000 DAI994.17 USD

USD to DAI

AssetToday at 02:15 PM
0.5 USD0.5 DAI
1 USD1.01 DAI
5 USD5.03 DAI
10 USD10.06 DAI
50 USD50.29 DAI
100 USD100.59 DAI
500 USD502.93 DAI
1000 USD1 005.86 DAI

Today vs. 24 hours ago

AssetToday at 02:15 PM24 hours ago24H Change
0.5 DAI$0.5$0.5
+0.03 %
1 DAI$0.99$0.99
+0.03 %
5 DAI$4.97$4.97
+0.03 %
10 DAI$9.94$9.94
+0.03 %
50 DAI$49.71$49.69
+0.03 %
100 DAI$99.42$99.38
+0.03 %
500 DAI$497.08$496.91
+0.03 %
1000 DAI$994.17$993.83
+0.03 %

Today vs. 1 month ago

AssetToday at 02:15 PM1 month ago1 month Change
0.5 DAI$0.5$0.5
-0.08 %
1 DAI$0.99$0.99
-0.08 %
5 DAI$4.97$4.97
-0.08 %
10 DAI$9.94$9.95
-0.08 %
50 DAI$49.71$49.75
-0.08 %
100 DAI$99.42$99.5
-0.08 %
500 DAI$497.08$497.5
-0.08 %
1000 DAI$994.17$995
-0.08 %

Today vs. 1 year ago

AssetToday at 02:15 PM1 year ago1 year Change
0.5 DAI$0.5$0.5
-0.64 %
1 DAI$0.99$1
-0.64 %
5 DAI$4.97$5
-0.64 %
10 DAI$9.94$10
-0.64 %
50 DAI$49.71$50.02
-0.64 %
100 DAI$99.42$100.05
-0.64 %
500 DAI$497.08$500.25
-0.64 %
1000 DAI$994.17$1 000.5
-0.64 %
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FAQ

What’s the Process for Minting New Dai Tokens?

The MakerDAO protocol can easily generate new Dai tokens thanks to its collateral-backed model. Users deposit collateral assets into Maker vaults and receive newly minted Dai tokens in return. This allows them to unlock liquidity while expanding Dai’s circulating supply.

Dai also incentivizes holders to stake their tokens through the Dai Saving Rate (DSR) protocol. This native MakerDAO smart contract enables users to lock up Dai and earn yield at the current DSR rate. Unlike other staking models, DSR offers flexibility with no minimum staking requirements and the ability to withdraw Dai at any time. Between vault collateralization and DSR staking, MakerDAO has created a dynamic system to expand Dai’s monetary base in a decentralized manner.

How Can I Use Bitsgap for Trading?

To begin trading with Bitsgap, you must first register for an account. Upon signup, you’ll receive a week-long free trial of the PRO plan. The PRO plan grants you access to up to 250 DCA and 25 GRID bots, unlimited smart orders, and futures trading capabilities. Next, you’ll need to connect Bitsgap to your exchange account using an encrypted API key. Bitsgap allows for integration with up to 15 different exchanges (including Binance) and enables you to switch between them instantaneously through the trading terminal. Once your exchanges are connected, you’re all set to initiate your first trade or launch a bot. For instance, if a coin’s value is falling, you can capitalize on the downtrend by starting the BTD bot and building your coin portfolio at a discounted rate.

Remember to revisit Bitsgap’s crypto converter regularly to monitor real-time pricing information!

What Trading Bots Does Bitsgap Offer?

Bitsgap provides automated trading bots that can help you invest and trade cryptocurrencies more efficiently. In fact, Bitsgap offers an array of powerful bots to suit any strategy. Why not give them a try?

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What Are Bitsgap’s Pricing Plans?

Bitsgap offers simple, affordable plans to suit any trader.

The Basic plan is the perfect place to start. You’ll get access to 10 DCA bots to automate your long-term investments, plus 2 GRID bots to profit from market swings. And the best part? Unlimited smart orders so you never miss a hot deal!

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