MAI Coin: What It Is, How It Works, and Where to Use It

When you hear MAI coin, a decentralized stablecoin issued by the Manna protocol that maintains a 1:1 peg with the US dollar using overcollateralized crypto assets. Also known as MAI, it’s one of the few stablecoins built to work across multiple blockchains without relying on centralized reserves. Unlike Tether or USDC, MAI doesn’t hold cash or government bonds. Instead, it’s locked up in crypto — think ETH, BTC, or even SOL — that users put up as collateral to borrow MAI. This makes it truly decentralized, and also a little riskier if the market crashes hard.

MAI is part of the broader DeFi, a system of open financial apps running on blockchains without banks or middlemen. Also known as decentralized finance, it lets you lend, borrow, and trade without permission. The Manna protocol, which issues MAI, is designed for users who want stable value but don’t trust traditional finance. You can use MAI to trade on DEXs like Uniswap or PancakeSwap, pay for goods in crypto stores, or even earn yield by staking it in liquidity pools. But here’s the catch: if the value of your collateral drops too fast, your position gets liquidated. That’s not a bug — it’s the system working as designed.

MAI also connects to MakerDAO, the original decentralized stablecoin project that launched DAI and set the standard for crypto-backed stablecoins. Also known as Maker Protocol, it’s the grandparent of MAI’s approach — but MakerDAO is focused on Ethereum, while MAI is built to be chain-agnostic. That’s why MAI shows up on networks like BSC, Polygon, and Arbitrum, where fees are low and users want stable value without being stuck on one chain. It’s not the biggest stablecoin, but it’s one of the most flexible for active DeFi traders who move between chains.

What you’ll find below are real reviews and breakdowns of platforms and tokens that either use MAI, compete with it, or try to mimic its model. Some posts expose fake projects pretending to be related to MAI. Others show you where MAI actually works — and where it doesn’t. You’ll see how people are using it in practice, what goes wrong, and how to avoid losing money on scams that piggyback on its name. This isn’t theory. It’s what’s happening right now in the wild.