At trade.io, we are committed to providing our users the best trading experience possible; part of that experience is the ability to trade a diverse range of instruments. In line with this commitment, we’re happy to announce popular stablecoin, Dai, by MakerDAO, is now available on our exchange.
About Dai Token
MakerDAO is the decentralized autonomous organization that developed Dai, which is pegged against the U.S. dollar, but is completely backed by Ethereum. Every Dai is therefore worth $1 USD.
Stability is maintained through an autonomous system of smart contracts and because Dai is fully decentralized, people can review the assets backing the coin at any time at https://mkr.tools/. To receive Dai, investors can send their tokens and lock them on the Maker platform in the form of a Collateralized Debt Position (CDP) or buy Dai directly. Dai will be offered on the trade.io exchange against Ethereum (ETH) & Tether (USDT).
Our CEO, William B. Heyn, on the addition of Dai, “We are always seeking to add new and desirable assets to our platform. Dai is one of the most popular stablecoins available. We have been impressed with the progress that MakerDao has made with Dai and are excited to work with them on this project.”
CEO and co-founder of MakerDAO Rune Christensen also commented, “We’re thrilled to have Dai added to the trade.io exchange. Together, we can help more people get access to a stable and decentralized way to participate in the crypto economy.”
