November 12, 2020 DAI reaches $1B market capitalization.

DAI, the USD-pegged stablecoin from MakerDAO, has reach a market capitalization of $1B, meaning that roughly 1B DAI tokens have been issued. At one point today, DAI supply increased by 30M. Users of MakerDAO may borrow DAI by locking various cryptoassets in the DeFi protocol.