USDai

USDai is issued on Ethereum as a dollar-pegged unit. Stablecoins differ in where the backing sits — in a bank, in Treasury bills, in crypto collateral, or in yield strategies — and that is what decides how the peg behaves during a large outflow. For a reader of such an asset, the collateral scheme and redemption process matter more than today's deviation; public detail on this issue is thin, and assigning it a specific model would be guesswork.