MakerDAO's model for DAI differs from other leading stablecoins. First, DAI features an unprecedented degree of decentralization. While stablecoins like tether (USDT) offer a cryptocurrency backed by a reserve of fiat assets managed by a central organization, no one entity controls the issuance of DAI.
DAI The Systematically Sustainable Stablecoin Issued by MakerDAO
DAI The Systematically Sustainable Stablecoin Issued by MakerDAO, updated 8/8/22, 6:32 AM