A USDC DAI swap is a transaction where users exchange the USD Coin (USDC) stablecoin for the Dai (DAI) stablecoin, or vice versa. Both are cryptocurrencies designed to maintain a stable value relative to the US dollar. Such swaps are common in decentralized finance for liquidity management, arbitrage, or specific protocol requirements.
Context
USDC DAI swaps are a routine operation within the decentralized finance ecosystem, frequently discussed in the context of stablecoin liquidity and yield farming strategies. The efficiency and cost of these swaps are often a measure of the health and depth of various DeFi protocols. News may highlight significant movements between these stablecoins during periods of market stress or opportunity.
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