The token joins the financial platform as its first supported decentralized stablecoin
2gether, the collaborative financial platform, keeps evolving to offer its users a wide variety of different digital assets. The latest step taken towards diversifying 2gether’s crypto offer was making Dai the latest cryptocurrency supported by the 2gether app. All 2gether users will now be able to:
- Buy and sell 13 different cryptos (including Dai) with a few taps and without fees
- Send Dai to any friends or external addresses
- Spend Dai like EUR with the 2gether Visa card
The addition of Dai to 2gether’s crypto catalog offers the possibility of operating with a cryptocurrency that’s both decentralized and stable at the same time.
Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors.
The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US dollar. Digital assets like Dai are essential to realizing the full potential of blockchain technology. Unlike other stablecoins, Dai is completely decentralized, which makes it the first decentralized stablecoin supported on the 2gether platform.
Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform. Once generated, Dai can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long term savings. Importantly, the generation of Dai also creates the components needed for a robust decentralized lending platform.
2gether believes that the key to the financial revolution is the process of decentralization of the economy, and the addition of Dai to the platform as its first decentralized stablecoin helps consolidate that belief. On top of that, Dai being a stablecoin can be more attractive to novice crypto fans and mainstream consumers, and 2gether acting as a transition platform between the traditional economy and the new economy based on digital assets will allow this audience to experiment with cryptocurrency at low risk.
2gether has also developed its own decentralized token, the 2GT, whose demand will be controlled by 2gether’s business model. The 2GT will become a fully regulated token with a fixed supply and a controlled velocity once it’s listed on the markets, following Dai’s example.