Commerce · alternatives · 2026

24 alternatives to Dai by MakerDAO

Ethereum's first & only decentralized stablecoin

Below are 24 products that do a similar job, ranked by how close each is in meaning and then by launch-day votes. Dai by MakerDAO launched in 2018; newer entries below may have overtaken it.

1. 1
   Oasis Direct▲70

   A decentralized, instant cryptocurrency exchange 💸

   2018 · its alternatives →

2. 2
   Monero▲124

   A private digital currency

   2018 · its alternatives →

3. 3
   Coinbase Earn (Dai)▲6

   Learn Dai, Earn Dai

   2019 · its alternatives →

4. 4
   Settle▲71

   Intuitive OS for Decentralized Finance on Ethereum

   2018 · its alternatives →

5. 5DP
   Dharma – Programmable Peer-To-Peer Loans Using Ethereum Smart Contracts▲156

   Hey HN! My name's Nadav Hollander, and I'm the Founder of Dharma. Dharma is building an open-source library that makes it really easy to programatically borrow and lend cryptocurrencies using smart contracts on the Ethereum blockchain. Today we're launching our Alpha Testnet release -- a command line tool that allows you to 1. Access a line of cryptocurrency credit from the command line in under 5 minutes 2. Easily build a bot that auto-invests in loans under hyper-customizable, programmable criteria Check it out: https://github.com/dharmaprotocol/dharma-cli Why I Think…

   2017 · its alternatives →

6. 6
   Decentralized Stablecoin Development▲6

   Oracle-Integrated Decentralized Peg Mechanism

   2025 · kryptobees.com · its alternatives →

7. 7
   Nuo Lend▲71

   Lend and borrow crypto currencies transparently

   2018 · its alternatives →

8. 8
   Dappy Coin▲87

   A fun introduction to cryptocurrencies and Ethereum

   2018 · its alternatives →

9. 9
   dYdX▲92

   Start trading on #DeFi with low fees and up to 25× leverage

   2021 · its alternatives →

10. 10
    ETHLend▲79

    Decentralized P2P marketplace to borrow against BTC, ETH

    2019 · its alternatives →

11. 11
    Sovryn▲69

    Decentralized Bitcoin trading and lending platform

    2020 · its alternatives →

12. 12
    notes.finance▲69

    The decentralised exchange for interest-earning stablecoins

    2021 · its alternatives →

13. 13
    Leto▲127

    Instant borderless USDC transfers by phone number

    2023 · its alternatives →

14. 14
    0x Portal▲97

    A dApp for user on-boarding, education and DEX discovery.

    2018 · its alternatives →

15. 15
    Structured▲64

    Convert your Ether into fixed income structured products.

    2019 · its alternatives →

16. 16
    Crypto DM▲96

    Earn Ether from your supporters on any platform & keep 100%

    2018 · its alternatives →

17. 17
    Shit Stablecoin▲79

    How unstable can you make a stablecoin?

    2019 · its alternatives →

18. 18
    Bank of Hodlers, Asset-backed Lending▲6

    Earn interest on your Crypto-deposits

    2019 · its alternatives →

19. 19
    Stablecoins Club▲6

    Buy and sell digital goods directly with stablecoins.

    Nov 2025 · stablecoins.club · its alternatives →

20. 20
    Axra▲79

    AI-native global banking on stablecoins for emerging markets

    Mar 2026 · useaxra.com · its alternatives →

21. 21
    dYdX▲6

    The most powerful open trading platform for crypto assets

    2019 · its alternatives →

22. 22
    DLTPAY▲15

    Web3 & Stablecoin Payments for Business

    2023 · its alternatives →

23. 23
    Etheremon▲22

    Decentralized world of digital Monsters.

    2017 · its alternatives →

24. 24
    Stablecone▲7

    A free community hub for stablecoin solutions!

    2025 · its alternatives →

Ranked by how close each launch is in meaning, then by votes. Prices were read from each product’s own site when checked and can change. Refine with your own description →