Stablecoins On Bitcoin Coming Soon, Says Lightning Labs CEO
Stablecoins running on Bitcoin are edging closer to reality through new functionality built by Lightning Labs using the network’s Taproot upgrade implemented in late 2021.
Elizabeth Stark, CEO of Lightning Labs, unpacked the latest development from the Bitcoin development firm at FT Live’s Crypto and Digital Assets summit in London.
The firm’s co-founder also gave an eloquent explainer of Bitcoin and the Lightning Network to an audience of traditional finance players.
Lightning Labs’ Taproot Assets protocol is building functionality to bring stablecoins and tokenized assets to Bitcoin. According to Stark, developers have made significant headway toward this goal, culminating in the testing of transactions on Lightning.
(With inputs from Shikha Singh)
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