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Find below the answers to the most common questions about the MAI stablecoin. When available, we give you links to in-depth articles for further reading.
MAI is a collateral-backed USD stablecoin, which offers 0% interest lending on several chains. Its 50+ collaterals range from interest-bearing tokens to regular tokens like CRV and BTC. MAI is one of the most crosschain assets in DeFi and can easily be swapped for other stablecoins and tokens.
Right now, 1 MAI is worth R .
Right now, 1 South African rand is equal to MAI.
A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.
The MAI is designed to follow the price of the US dollar, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the MAI to deviate from the US dollar price for various technical or market reasons.
You never store MAI in itself. Instead, you store the private key giving you access and control over a MAI address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.
To send MAI, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!
You can buy MAI with us here from South Africa by sending us bank transfers in ZAR, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy MAI.
You can swap MAI here against one of the cryptocurrencies that we support, using any self-custodial MAI wallet. For more information, have a look at our step-by-step tutorial on how to swap MAI.
To cash out MAI with us, you simply need to transfer your crypto to our address. We'll convert your MAI in ZAR, then transfer the funds to your bank account in South Africa. For more information, have a look at our step-by-step tutorial on how to sell MAI.
 MAI |  South African Rand | |
|---|---|---|
| 1 MAI | = | |
| 5 MAI | = | |
| 10 MAI | = | |
| 15 MAI | = | |
| 25 MAI | = | |
| 50 MAI | = | |
| 100 MAI | = | |
| 1,000 MAI | = | |
| 10,000 MAI | = | |
| 100,000 MAI | = | |
| 1,000,000 MAI | = |
| South African Rand | MAI | |
|---|---|---|
| 1 ZAR | = | |
| 5 ZAR | = | |
| 10 ZAR | = | |
| 15 ZAR | = | |
| 25 ZAR | = | |
| 50 ZAR | = | |
| 100 ZAR | = | |
| 1,000 ZAR | = | |
| 10,000 ZAR | = | |
| 100,000 ZAR | = | |
| 1,000,000 ZAR | = |
Read on our blog everything you need to know to get started in the world of crypto on the right foot!
Get startedThe most common questions that our clients ask us are all answered there. Have a look!
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