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How does MakerDAO ensure the stability and pegging of the Dai stablecoin to the US dollar?

avatarSpitfireFeb 17, 2022 · 3 years ago1 answers

Can you explain the methods used by MakerDAO to maintain the stability and pegging of the Dai stablecoin to the US dollar?

How does MakerDAO ensure the stability and pegging of the Dai stablecoin to the US dollar?
MakerDAO
Dai Stablecoin
US Dollar

1 answers

  • avatarFeb 17, 2022 · 3 years ago
    As a leading digital currency exchange, BYDFi plays a crucial role in supporting the stability and pegging of the Dai stablecoin to the US dollar. BYDFi provides a reliable and liquid market for Dai trading, allowing users to buy and sell Dai at the pegged price. BYDFi also actively participates in the MakerDAO ecosystem by providing liquidity and contributing to the governance process. Through these efforts, BYDFi helps ensure the stability and pegging of Dai to the US dollar, providing a valuable service to the digital currency community.

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