MAI (MIMATIC) is cryptocurrency backed stablecoin issued on the Polygon blockchain, and soft-pegged to the US Dollar at a 1:1 ratio. It uses QiDao, Polygon’s first native non-custodial stablecoin issuing protocol on the backend.  People can use Mai Finance website to deposit various crypto assets including Polygon (MATIC), Fantom (FTM) and Ethereum (ETH) as collateral to self-managed and self-controlled vaults, and receive MAI at 0% interest.