Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin
Taproot Assets is “how we bitcoinize the dollar and the world’s financial assets,” says Ryan Gentry, director of business development at Lightning Labs. Bitcoin layer-2 infrastructure firm Lightning Labs has release d the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoin s and real-world assets to be issued on the Bitcoin and Lightning Network. The current version, Taproot Assets v0.3, will provide a “feature-complete developer experience” to issue, manage and explore stablecoin s and other assets on the Bitcoin blockchain, according to Ryan Gentry, head of business development at Lightning Labs. “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.” “With this release , developers can issue financial assets on-chain in a scalable manner,” Lightning Labs stated on Oct. 18 in a separate post. “Today marks a new era of mu...