DAI is a stablecoin created by MakerDAO that is designed to be a digital currency that is stabilized against the value of the U.S. dollar. In other words, the value of Dai always remains at $1 USD. It is created and issued on the Ethereum blockchain and uses smart contracts to automatically maintain the value of the coin at $1 USD by backing it with Ether or another type of cryptocurrency. The smart contract holds an Ether deposit that is paid back by users when they sell their DAI for Ether or another cryptocurrency in a process called "minting."...