Dai just traded below its dollar peg. Across the 3 venues in our 10 minute snapshot, $DAI changed hands as low as $0.9860 and no higher than $0.9979, with a median of $0.9889.

Anyone counting DAI as a full dollar, whether as trading collateral or as cash parked on an exchange, holds less than that at these venue prices.

These are venue level prices from public endpoints. They show where DAI is trading, not that redeeming it for dollars has broken.