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About xDAI
- xDAI is created 1:1 with Ethereum’s DAI token and bridged to the Gnosis Chain.
- xDAI is a stablecoin aiming for a $1 price peg.
- Primarily used as a transaction payment token.
- Benefit: lower transaction fees on Gnosis Chain compared to DAI on Ethereum.
- Figures: 1:1, $1
About xDAI: A Decentralized Ecosystem for the Future
xDAI is created on a 1:1 basis with Ethereum’s DAI token and seamlessly bridged to the Gnosis Chain. This stablecoin strives to maintain a $1 price peg, primarily serving as a transaction payment token. By utilizing xDAI on the Gnosis Chain instead of DAI on Ethereum, users can significantly reduce their transaction fees.