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About xDAI
xDAI is a stablecoin designed to maintain a 1:1 price peg with the US Dollar, primarily serving as the native utility and fee token for the Gnosis Chain (formerly xDai Chain). It is designed for everyday payments and decentralized finance (DeFi) applications, offering near-instant transaction speeds and extremely low fees compared to the Ethereum mainnet. xDAI is created when DAI is bridged from Ethereum to the Gnosis Chain, providing a stable medium of exchange within its ecosystem.
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