Why DAI Is A Different Kind Of Stablecoin

Why DAI Is A Different Kind Of Stablecoin | Crypto Briefing

Most traders group Dai together with Tether (USDT) or TrueUSD (TUSD), dollar-backed tokens that provide shelters from the volatile prices of most other digital assets. The key distinction is that Dai is backed by Ether (ETH) tokens, rather than actual US dollars. That’s already very well-known, but its true significance has been glossed over.