Buy Dai (DAI)
Dai (DAI) is a decentralised dollar stablecoin, but trading is restricted at regulated European exchanges under MiCA. Its ecosystem is also migrating from DAI to USDS.
Can you still buy Dai in Europe?
DAI is no longer normally tradeable at several regulated EEA platforms. Coinbase, for example, classes it among stablecoins that do not meet its MiCA requirements and did not automatically migrate European DAI balances to USDS. Self-custody and protocol conversion may remain technically possible, but introduce different risks.
We therefore do not show a generic top three. Check the current rules for your country and platform.
What is Dai?
DAI originated in MakerDAO and uses overcollateralisation and protocol rules to target one US dollar. Unlike a conventional fiat stablecoin, it is not backed solely by money held at one bank. Its collateral includes cryptoassets and centralised real-world assets.
The Maker ecosystem has become Sky and is moving towards its successor, USDS. Protocol conversion is possible, but terms and availability can change.
Risks
- Loss of the dollar peg
- Liquidations when collateral falls sharply
- Smart-contract and governance risk
- Dependence on centralised collateral and price oracles
- Restricted trading at regulated European exchanges
- Migration and token-confusion risk around USDS
A stable dollar price does not mean a stable euro value. The Dai price also moves with EUR/USD. This is not investment advice.
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