Newton makes it fast and easy to buy, sell and hold 65+ cryptocurrencies in Canada.
Dai (DAI) was created by MakerDAO, an Ethereum-backed network that is part of a larger project called the Maker Protocol. The token is one-of-two tokens utilized by the Maker Protocol, and aims to be considered the world's first decentralized coin. The coin's value is pegged to the U.S. dollar, and is backed by Ethereum smart-contracts that are viewable on the blockchain. DAI is popular for its transparency and accountability.
Create an account to learn more!
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Provide a few details about yourself to get verified. This can take less than 5 minutes!
Use Interac e-Transfer, wire transfer, or crypto deposit.
You can trade crypto quickly and easily right away on your phone or on web.
