Dai's Multi-collateral (ETH, USDC, etc.) backing approach shows effectiveness with only 0.0% peg deviation.
The Multi-collateral (ETH, USDC, etc.) backing mechanism employed by Dai (DAI) has proven effective in maintaining its stability. With a current peg deviation of 0.0%, Dai demonstrates the advantages of its crypto-backed design. This approach differentiates it from algorithmic alternatives and provides users with confidence in its long-term viability.