Is Dai decentralized?

Dai is a stable, decentralized currency that does not discriminate. Any individual or business can realize the advantages of digital money.

Dai. Dai is probably the most famous decentralized stablecoin . Its value is roughly a dollar and it’s accepted widely across dapps.

The cryptocurrency is backed by U.S. dollar-denominated assets held at regulated and audited U.S. financial institutions. USDC has a variety of uses in the crypto marketplace, but is commonly deployed in decentralized finance (DeFi) protocols and by traders .