DAI is claimed to be decentralized but I have no idea as I haven’t had a closer look.
Nice idea but sucks to see it's in Ethereum Blockchain. But my question is since they claim to be decentralized then how do they control the price?
The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted.
https://coinmarketcap.com/currencies/multi-collateral-dai/What about the USD those were withdrawn?