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Cryptonews News Lightning Labs Wants to 'Bitcoinize the Dollar' with Stablecoins – How Does it Work?
Lightning Labs Wants to 'Bitcoinize the Dollar' with Stablecoins – How Does it Work?
Lightning Labs, one of the major firms responsible for developing Bitcoin’s lightning network, has released the mainnet alpha of its long-awaited “Taproot Assets” protocol on Wednesday, allowing stablecoins and other tokens to functionally trade on Bitcoin.
In its Wednesday announcement, the firm touted its release as “the dawn of a new era for bitcoin,” effectively transforming it into a “global routing network for the internet of money.”
“We believe this new era for bitcoin will see a myriad of global currencies issued as Taproot Assets, and the world's foreign exchange transactions settled instantly over the Lightning Network,” wrote Ryan Gentry, Lightning Labs’ Director of Business.
