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Oct 6, 2023 15:37
Henbbo added support for DAI stablecoin on its investment platform
Henbbo Foundation continues to implement its own development program in a systematic way. As part of this we have added transaction support for DAI stablecoin on our platform.
Unlike most stablecoins, DAI is a decentralized, stable coin. Its value is fully secured by Ethereum tokens, which are frozen in smart contracts when DAI coins are issued.
The uniqueness of the DAI token is in its decentralization. Its issue depends not on the decision of a particular company, but on the desire of users. The issue is not limited by anything and is always backed by an equivalent amount of ETH.
The DAI token can be used for settlement, or to transfer funds. The unused portion of the coins is periodically burned. This stabilizes the exchange rate of the token due to the continued balance of supply and demand.
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