#Stablecoins are soon expected to operate on Bitcoin, leveraging new functionalities developed by Lightning Labs using the Taproot upgrade.

Elizabeth Stark, CEO of Lightning Labs, highlighted this advancement at the FT Live’s #Crypto and Digital Assets summit.

The development aims to offer a secure and decentralized platform for stablecoins and other digital assets, capitalizing on Bitcoin’s robust network. Stark emphasized that this integration would provide a cheaper, more secure alternative to existing solutions, making transactions as low as a cent or less.

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