DAI-MATIC, issued by the ioTube Protocol smart contracts under the operation of a core-dev team and a Proof-of-Authority witness set, is a wrapped cross-chain token representation that relays an existing third-party ERC20 asset between supported blockchain networks [S1][S2].

Holders receive a one-to-one wrapped proxy token representing the underlying deposited ERC20 asset rather than any fund interest, NAV accrual, dividend, coupon, or yield, since ioTube is a bridge and not an income-distributing instrument [S1][S2]. ioTube discloses a one-time token integration fee of 200 U.S. dollars (USD) per blockchain, a test-token requirement of roughly 1 to 10 USD equivalent, and network-dependent gas costs for transfers [S3][S4][S2].

No operating legal entity, jurisdiction of formation, or corporate structure appears across ioTube's domains; the protocol is operated by a core-dev team rather than a single corporate issuer [S3][S4][S2]. The token confers no holder claim against an issuer; it is a wrapped representation of a pre-existing asset, exchangeable one-to-one at any time [S1][S2]. Operationally, proxy tokens are burned and the underlying asset is released from onchain TokenSafe contracts after a witness supermajority attests, secured by a Proof-of-Authority witness set required to be IoTeX consensus delegates for three months and by audits from Fuzzland [S2].

Supported token standards include XRC20, ERC20, BEP20, and SPL, across IoTeX, Ethereum, BNB Smart Chain, Polygon, and Solana with IoTeX as the central hub [S1][S2]. Deposits lock or burn the origin asset and mint the proxy token once more than two-thirds of registered witnesses endorse the transfer; IoTeX settles with instant finality while Ethereum endorsements wait approximately 12 blocks [S2].

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://iotube.org" },
    { id: "S2", url: "https://docs.iotube.org/llms-full.txt" },
    { id: "S3", url: "https://iotube.org/about" },
    { id: "S4", url: "https://iotube.org/faq" },
  ]}
/>


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Matic DAI Stablecoin (DAI-MATIC) is a tokenized fund share issued by ioTube.

Holders have a right to redeem at net asset value.

Matic DAI StablecoinDAI-MATIC

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