As the global demand for Stablecoins increases, BitcoinVN added DAI as an alternative to USDT (available in its ERC20 as well as SLP (simpleledger) incarnation ) to its current available line-up in Stablecoins to be converted from / into the local Vietnamese currency VND.

BitcoinVN supports bank wires from to/all local banks as well as operates cash office partnerships in Saigon, Hanoi and the tourist beach town of Hoi An in Central Vietnam’s Quang Nam province.

DAI is a decentralised stablecoin aiming to peg itself to the price of 1 USD by backing each issued DAI unit with a basket of other digital assets such as ETH, USDT, USDC and others.