YouHodler, the rapidly evolving FinTech platform is pleased to announce that it has listed Dai, the world’s leading decentralized stablecoin. Built on the MakerDAO system, Dai lives completely on the blockchain, making it borderless and available to anyone, anywhere.
“We believe stablecoins and their attributes are essential for the positive development of the industry,” said YouHodler CEO Ilya Volkov. “Having the Dai stablecoin on the platform will introduce our communities to all the benefits that the largest decentralized stablecoin can bring. Users will also create an additional utility for Dai, using it for high-yield savings accounts and for loan repayments. Thus helping Dai expand to new sectors of the crypto community.”
The listing sees YouHodler offering a Dai wallet for secure storage, Dai exchange between fourteen coins, five stablecoins, and four fiat currencies on the platform, Dai as a payment method for YouHodler’s crypto-backed loans and a Dai Savings Account where users can earn 12% APR with weekly payouts.
“Integrating Dai to YouHodler creates more opportunity for people around the world to explore the benefits of DeFi and Dai,” said Gustav Arentoft, Head of Business Development for Europe for the Maker Foundation.
Unlike centralized and fiat-backed stablecoins on the market, Dai is backed by cryptocurrency and decentralized. With over 550 live Dai integrations, the Dai stablecoin is one of the most popular and recognized in the industry and