MAI (Base)

MAI, originally launched as miMATIC, is QiDao's overcollateralized dollar stablecoin. It is borrowed against deposited crypto collateral across many chains and redeemable through the protocol's vaults, which is what anchors it to a dollar. The polygon deployment still carries the old miMATIC symbol on-chain. This Base deployment is minted independently of the other chains, with no bridge between them, so its supply and price stand on their own.