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We are delighted to announce the listing and support of Dai (DAI) on Tap!
DAI is now available for trading on the Tap mobile app. You can now Buy, Sell, Trade or hold DAI for any of the other asset supported on the platform without any pair boundaries. Tap is pair agnostic, meaning you can trade any asset for any other asset without having to worries if a "trading pair" is available.
We believe supporting DAI will provide value to our users. We are looking forward to continue supporting new crypto projects with the aim of providing access to financial power and freedom for all.
Launched in 2017, DAI is an algorithmic stablecoin issued by MakerDAO. This stablecoin cryptocurrency is aiming to maintain a soft peg with the United States dollar. This goal is achieved through the use of smart contracts which incentivize participants to perform essential maintenance and governance functions.
Due to the coin’s soft peg to the US dollar, the DAI stablecoin not only provides a stable long-term store of value but also a strong medium of exchange.
Get to learn more about DAI in our dedicated article here.
