New to Wallet: Dai (DAI) and Wrapped Bitcoin (WBTC) | by Amadeo Pellicce | @blockchain | Sep, 2021

Amadeo Pellicce

You can now send, receive, buy, sell, swap, and earn Dai (DAI) and Wrapped Bitcoin (WBTC) in the Wallet.

DAI is a stablecoin that aims to maintain a value of one US Dollar. Like other stablecoins, it exists to mitigate price volatility and to serve as a reliable means of exchange. What makes it different, however, is that it’s the world’s first crypto-collateralized and decentralized stablecoin. It isn’t backed by US dollars in the bank account of a centralized organization but, rather, by a mix of cryptocurrencies on the Maker protocol (whose governance token, MKR, was recently listed on the Exchange).

WBTC is designed to represent Bitcoin on the Ethereum blockchain. It allows users to transfer the value of Bitcoin more quickly on the Ethereum blockchain and opens up the possibility for Bitcoin to be used in Ethereum’s ecosystem of decentralized applications.

Pick up some DAI and WBTC today by logging in to your Wallet.

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