How much does 1 DAI cost today?

As of right now, 1 DAI costs $1.00 USD. The price is updated live from CoinGecko and changes throughout the day based on global trading activity.

How do I buy Dai in Canada?

Canadians can buy Dai on regulated Canadian exchanges such as Bitbuy, Newton, NDAX, Wealthsimple Crypto, and Shakepay. Dai is also available on major international exchanges (Coinbase, Kraken, Binance) and as spot ETFs in some cases. Always confirm the platform is registered with the Canadian Securities Administrators (CSA) before depositing funds.

How is Dai taxed in Canada?

In Canada, the CRA treats cryptocurrency as a commodity rather than a currency. Selling, trading, or spending Dai triggers a capital gain or loss — 50% of which is taxable as income at your marginal rate. If you trade Dai frequently or as a business, the CRA may treat profits as 100% taxable business income. Keep detailed records of every transaction, including date, amount, fair market value in CAD, and counterparty.

Is Dai a good investment?

This page does not provide investment advice. Dai is a volatile asset — historical price swings have included gains and losses of more than 50% within single calendar years. Before investing, understand your time horizon, risk tolerance, and only invest what you can afford to lose. Consider using our DCA Simulator to test how dollar-cost-averaging into Dai would have performed historically.

Yes. Dai uses a Ethereum (Proof of Stake) consensus mechanism, which means holders can stake their tokens to help secure the network and earn rewards. Most major Canadian and international exchanges offer one-click staking for Dai. You can estimate potential staking returns using our Crypto Staking Calculator.

Dai Price (DAI)

Rank #28 by market cap

            $1.00
        

24H Change +0.00%

7D Change -0.02%

Market Cap $4.36B

24H Volume $250.31M

24H High $1.00

24H Low $1.00

USD CAD EUR

Price Chart

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About Dai

A decentralized stablecoin backed by crypto collateral, not a central issuer.

DAI is a decentralized stablecoin created by MakerDAO in 2017. Unlike USDT or USDC which are backed by fiat reserves held at banks, DAI is generated by users who lock up crypto collateral (ETH, WBTC, and others) in MakerDAO smart contracts. Algorithms and governance maintain the peg near one US dollar by adjusting stability fees and liquidation parameters.

DAI is widely used in DeFi as a transparent, censorship-resistant dollar equivalent. Lenders on Aave and Compound accept DAI; it can be earned through the DAI Savings Rate in MakerDAO (now rebranded to SKY). Because it requires no bank account or identity, DAI is popular in jurisdictions with limited banking access. It is the oldest decentralized stablecoin still in wide use.

Key facts

Category	Decentralized Stablecoin
Launched	2017
Consensus	Ethereum (Proof of Stake)
Supply	Elastic — generated and destroyed based on collateral locked in MakerDAO vaults.
Founder	Rune Christensen (MakerDAO / Sky)
Official site	https://sky.money