# DAI (Sky): Live Peg, Issuer & Backing

> DAI (Sky) stablecoin: live USD peg deviation in bps, depeg history, issuer Sky, backing and FAQ. No licences on record.

Canonical: https://stableradar.com/coin/dai
Generated: 2026-11-13T12:43:45.907Z (live figures are a snapshot at build time; see the canonical page for current values)

Stablecoin profile LIVE

# DAI (Sky) stablecoin
**In short:** DAI is a USD-pegged stablecoin issued by the decentralised Sky protocol. No token-level authorisation identified in the official registers checked. Below: live peg deviation, peg history, issuer, backing and FAQ.

[Issuer profile → Sky](https://stableradar.com/issuer/sky)

$0.9999

Peg target: $1.0000 (USD)

On peg

Deviation: **-1.5 bps** (-0.01%) · Market cap: $4.47B

Sources: CoinGecko, DefiLlama · [CoinGecko ↗](https://www.coingecko.com/en/coins/dai) · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.

### Token legal status
DAI

Other stablecoins

(1) Entity licence / registration

No entity licence record captured by StableRadar.

(2) Authorisation to issue this token

No authorisation to issue this stablecoin identified in official registers as of 27 Oct 2026. Registers checked: NYDFS Greenlist, ESMA EMT register, JFSA, HKMA, CNAD, OCC

(3) Applicable law

Token legal status last checked: 27 Oct 2026

### Issuer & legal entity
- Issuer **Sky**

- Legal entity None identified (decentralised protocol)

- Headquarters Decentralized

- Backing mechanism Crypto + RWA collateral

- Reserve mix Crypto collateral, RWA vaults, PSM stablecoins

- Reserves & attestation On-chain (real-time collateral) [info.sky.money ↗](https://info.sky.money/)

- Custody Smart contracts; RWA via third parties

- Redemption Via PSM / DEX liquidity — no issuer redemption

No licences or registrations are on record for Sky in StableRadar’s data.

Transparency Score (issuer)

Transparency Score

Weighted from public, sourced inputs · 88% of inputs available

Not legal advice; algorithmic assessment from public sources.

Our opinion based on public data as of 12 Nov 2026. Not a regulatory decision or a credit rating.

[Issuer profile → Sky](https://stableradar.com/issuer/sky)

### DAI peg history
Max deviation from the peg, time spent outside ±50 / ±100 bps and derived events per window. 24h: CoinGecko 5-minute prices; 7d, 30d, 90d: hourly; 1y: daily. Cached at build time.

| Favourites | Coin | Peg | Trend | Max |dev| | Low | >±50 bps | >±100 bps | Events | Details |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | **DAI** | USD |  | +110.2 bps | 0.9989 | 1 h | 1 h | 1 |  |

Source: [CoinGecko ↗](https://www.coingecko.com/), [DefiLlama ↗](https://defillama.com/stablecoins) · market data cached 13 Nov 2026, 11:28 UTC. Aggregated prices can move on thin markets; a deviation here is not a confirmed depeg.

### DAI supply by chain
Current circulating supply per chain from the DefiLlama stablecoins API (cached at build time). Per-chain or DEX prices are not shown: no free source covers them reliably.

| Chain | Supply | Share of supply |
| --- | --- | --- |
| Ethereum | $4.11B | 87.9% |
| Polygon | $443.0M | 9.5% |
| Fantom | $35.1M | 0.8% |
| BSC | $26.0M | 0.6% |
| Arbitrum | $14.6M | 0.3% |
| OP Mainnet | $13.5M | 0.3% |
| PulseChain | $10.6M | 0.2% |
| Avalanche | $8.9M | 0.2% |
| Kaia | $7.9M | 0.2% |
| Kava | $1.9M | 0.0% |
| Near | $788,083 | 0.0% |
| Solana | $510,325 | 0.0% |
| Starknet | $373,858 | 0.0% |
| Metis | $195,887 | 0.0% |
| Anubis | $141,317 | 0.0% |

Source: [DefiLlama ↗](https://defillama.com/stablecoins)

### FAQ about DAI
#### What is DAI (Sky)?
DAI is a stablecoin pegged to the US dollar. Issuer: Sky. Backing (as described in our data): Crypto + RWA collateral.

#### Who issues DAI?
DAI is issued by the Sky protocol, a decentralised protocol; StableRadar’s data identify no legal issuing company. No licences or registrations are on record for Sky in StableRadar’s data.

#### Is DAI authorised under MiCA or another stablecoin regime?
No authorisation to issue DAI was identified in the official registers StableRadar checked (NYDFS Greenlist, ESMA EMT register, JFSA, HKMA, CNAD, OCC; last checked 27 Oct 2026). This does not mean the coin or issuer is unlawful, unlicensed or unsafe.

#### Is DAI safe?
StableRadar does not say whether a coin is safe and does not give investment advice. In our opinion, based on public data as of 12 Nov 2026, the issuer Sky has a Transparency Score of 33/100. This is not a regulatory decision or a credit rating. The live peg deviation and the official register links are on this page.

#### How is DAI backed?
Model: Crypto + RWA collateral. Reserve mix: Crypto collateral, RWA vaults, PSM stablecoins. Attestation: On-chain (real-time collateral).

### Related pages
Issuer profile → Sky

Stablecoin laws by country

News & depeg incidents

Live peg monitor

All stablecoins

Issuer ranking

Informational only: not legal, investment or compliance advice. Company statements are marked “per company”.

Live prices: 13 Nov 2026, 12:43 UTC · Issuer reference data reviewed: 26 Oct 2026 (later changes are dated on each row) · Sources: [Issuer disclosures (Sky)](https://info.sky.money/), [DefiLlama · DAI](https://defillama.com/stablecoin/dai), [CoinGecko · DAI](https://www.coingecko.com/en/coins/dai), [DefiLlama · Ethereum stablecoins](https://defillama.com/stablecoins/Ethereum)

Data: [DefiLlama](https://defillama.com/) · Powered by [CoinGecko](https://www.coingecko.com/)