xDai is a stablecoin-based ecosystem headquartered in Singapore building the xDai Stable Chain, a USD-stable blockchain pegged to the USD-backed Dai. Initiated by POA Network in 2018 by Igor Barinov, the project seeks to bolster support for stablecoins on dedicated sidechains. The native coin is designed to provide the security, speed and stability required for cost-efficient transactions, targeting peer-to-peer payments and merchant use. There are currently 10 validators securing the xDai Stable Chain, including POA Network and MakerDAO. The project’s native utility token, DPOS, will be available as a primary staking token on the network. Wallet support includes Burner Wallet, Poketto, AlphaWallet, DEX Wallet, Nifty Wallet, Status, Portis, Wallet Core, MetaMask Mobile and Discordtip Bot, with further integrations planned; envisioned use cases include P2P and private payments, subscriptions, blockchain banking and vendor stable payments.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2019