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MAI (MIMATIC) Stablecoin Soft-Pegged to USD Hits Polygon Network

Guavy AI Editorial Team Published September 14, 2026

Instruments

MATIC POL

MAI (MIMATIC) is a decentralized stablecoin soft-pegged to the U.S. dollar, issued by QiDao Protocol.

Launched in May 2021, MAI was first deployed on the Polygon network.

The protocol relies on the consensus mechanisms of the networks where it is deployed, including Polygon.

MAI functions as a USD-pegged medium of exchange and borrowable asset within DeFi, used across lending platforms, liquidity pools, and token swaps.

The Wire

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