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    DAI Stablecoin On Avalanche

    Dai (DAI) is a decentralized stablecoin that runs on the Ethereum blockchain (ERC-20) and is also available on Avalanche. It is collateral-backed and maintains a 1:1 value with the US dollar. As of May 7, 2024, the value of 1 DAI is $1.00 USD. This dashboard is a brief look at the journey of the stablecoin through the Avalanche Ecosystem.