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DAI Stablecoin Now Available to New York Traders via Coinbase Pro

Published 07/09/2019, 07:53 AM
Updated 07/09/2019, 09:01 AM
 DAI Stablecoin Now Available to New York Traders via Coinbase Pro

Coinbase Pro lifted the limitations for DAI, the stablecoin linked to Maker DAO (MKR), and now New York residents can access the asset and its trading pairs.

DAI is one of the few widely distributed algorithmic stablecoins, meaning their value is supported by cryptocurrency-exchange operations. Currently, DAI hovers around $0.99. There are more than 91 million coins, with a daily turnover of $27 million.

DAI offers an alternative for trading pairs, though it lags behind other stablecoins, with a lower influence and liquidity. DAI trades in 98 pairs in total, and is used in decentralized exchanges and niche markets.

Maker,...

This article appeared first on Cryptovest

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