{"id":30868,"date":"2020-10-28T18:20:45","date_gmt":"2020-10-28T16:20:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30868"},"modified":"2025-08-28T00:24:02","modified_gmt":"2025-08-27T21:24:02","slug":"dai-stablecoin-to-bridge-ethereum-classic-and-ethereum-blockchains","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dai-stablecoin-to-bridge-ethereum-classic-and-ethereum-blockchains\/","title":{"rendered":"DAI stablecoin to bridge Ethereum Classic and Ethereum blockchains"},"content":{"rendered":"<p>The developers of Ethereum Classic Labs and ChainSafe Systems <a href=\"http:\/\/www.prweb.com\/releases\/ethereum_classic_labs_and_chainsafe_systems_announce_dai_etc_bridge_integrating_dai_to_expand_defi_on_ethereum_classic\/prweb17505446.htm\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">announced<\/a> the launch of a new bridge between the Ethereum Classic and Ethereum blockchains. With the DAI stablecoin, users will be able to exchange assets.<\/p>\n<p><!--more--><\/p>\n<p>The goal of the partnership is to make the DeFi sector more accessible to the ETC community.<\/p>\n<p>The new instrument uses technology similar to renBTC: assets are locked in smart contracts with the issuance of a corresponding amount of tokens.<\/p>\n<p>The launch of ChainSafe Systems&#8217; managed bridge is planned for November 18.<\/p>\n<p>Moving DAI to the Ethereum Classic blockchain will give users access to the third-most-popular stablecoin after Tether and USDC, used in DeFi applications.<\/p>\n<blockquote>\n<p>\u201cThe bridge that makes DAI easier to use advances our core mission of creating equal access to financial instruments globally,\u201d ETC Labs said in a statement.<\/p>\n<\/blockquote>\n<p>Earlier, Ethereum Classic Labs developers <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-classic-labs-to-seek-regulators-involvement-to-protect-the-network-from-51-attacks\">decided to strengthen<\/a> the network&#8217;s defenses against future 51% attacks by engaging law enforcement and regulators.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developers of Ethereum Classic Labs and ChainSafe Systems announced the launch of a new bridge between the Ethereum Classic and Ethereum blockchains. With the DAI stablecoin, users will be able to exchange assets.<\/p>\n","protected":false},"author":1,"featured_media":30869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1099,1093,46,476],"class_list":["post-30868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dai","tag-defi","tag-ethereum","tag-ethereum-classic"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30868"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30868\/revisions"}],"predecessor-version":[{"id":30870,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30868\/revisions\/30870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30869"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}