DAI / USDS
(DAI)A decentralized, crypto-backed stablecoin managed by Sky (formerly MakerDAO).
Redemption Policy DisclosedAttestation Linked
Last verified: 2026-04-20
Reserve & Attestation
Backing Mechanism
Over-collateralized by a diverse portfolio of crypto assets and real-world assets.
Reserve Composition
Not publicly available
Attestation Frequency
not disclosed
Latest Attestation
No public attestation report found as of 2026-04-20.
Attestation Provider
Not disclosed
Redemption Policy
Redemption occurs via the underlying CDP smart contracts. [Terms]
Depeg History
2023-03-11Deviation: 10%
Depeg mirroring USDC due to backing composition
Attestation data links to issuer or auditor primary sources. Stablecoin Atlas does not verify or audit reserve claims independently. Historical depeg events do not predict future stability. Past performance does not indicate future behaviour.
Market Context
Market data is sourced from third-party providers (CoinGecko, DeFiLlama) and is provided for informational purposes only. It is not an offer, recommendation, or advice to buy, sell, or use any asset.
Market Cap (CoinGecko)
Data temporarily unavailable
24h Volume (CoinGecko)
Data temporarily unavailable
30D Supply Change (DeFiLlama)
-1.35%
Chain Distribution (DeFiLlama)
Ethereum
81.0%
Polygon
16.0%
Fantom
0.8%
BSC
0.7%
Arbitrum
0.4%
Total Supply Trend
Chain & Network Support
Always verify the contract address before sending. Using an unofficial contract can result in permanent loss of funds.
📋 Notable Events
- Policy Change
MakerDAO community votes to begin DAI rebranding effort to USDS under new Sky protocol.
View source →
Historical depeg events do not predict future stability. Past performance does not indicate future behaviour.
🗺️ Used in Corridors
DAI is relevant to the following remittance playbooks.