Format Online paper / PDF
Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 10: BUILDING-BLOCK REALITY New Rails on the Block

"MakerDAO’s DAI launched on Ethereum in December 2017 as the first widely adopted programmatic overcollateralized stablecoin."

Wharton BDAP identifies DAI's December 2017 Ethereum launch as the first widely adopted programmatic overcollateralized stablecoin and notes that it operated onchain without custodians.

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Source title The Stablecoin Toolkit - Part I: Financial and Market Dimensions
Source authors Wharton Blockchain and Digital Asset Project
Source year 2026
Confidence high
Importance mid
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