# DAI 

By [Untitled](https://paragraph.com/@0x7eff86628787f749be76200086e19826aa0dc56e) · 2024-01-27

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    DAI is a stablecoin issued on the MakerDAO platform. Since there is no specific issuer, like USDT or USDC, for example, the peg to the dollar is implemented exclusively on smart contracts. This is a very complex system that cannot be easily explained in one post.
    
    To put it simply, it is a decentralized community of MKR holders. which is the project’s management token, artificially influences demand: when the price of DAI exceeds $1, they reduce demand so that the stablecoin becomes cheaper, and in the opposite situation, they increase demand so that DAI rises in price and returns to $1.

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*Originally published on [Untitled](https://paragraph.com/@0x7eff86628787f749be76200086e19826aa0dc56e/dai)*