- Circulating supply
- $5.00B
- 1D change
- 0.0%
- Yield
- None
- NAV
- 1.0000
- Expense ratio
- 0.00%
- Minimum
- $0
- Redemption
- Intraday
- Launched
- 18 Nov 2019
Depends onCoinbase Custody Trust
Field coverage 96%Primary-source or on-chain verified 100% of tracked metrics1/1 source documents analyst-verifiedLast reconciled 03 Oct 2026
Overview
What this product is
A decentralized stablecoin minted through MakerDAO's over-collateralized vault system.
- Underlying asset
- Crypto Collateral and RWA
- Asset class
- Stablecoin
- Product structure
- Payment Stablecoin
- Legal structure
- US State Trust Charter
- Issuer jurisdiction
- Fund domicile
- Decentralized
- Base currency
- USD
- Launched
- 18 Nov 2019
Peer set
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
Issuer
Who runs it
MakerDAODecentralized
A decentralized autonomous organization that operates on the Ethereum blockchain, issuing the DAI stablecoin.
Portfolio
Composition
- Overcollateralized Crypto Vaults60.0%
- Real World Assets (RWA)40.0%