Lightning Labs Unveils Taproot Assets for Stablecoins on the Bitcoin Blockchain!

The post Lightning Labs Unveils Taproot Assets for Stablecoins on the Bitcoin Blockchain! appeared first on Coinpedia Fintech News

Lightning Labs has released the mainnet alpha version of its Taproot Assets daemon, offering a feature-complete experience for issuing, managing, and exploring stablecoins on the Bitcoin blockchain. Despite the alpha tag, the firm said that due to forward compatibility, the protocol is unlikely to have any more changes that could affect assets issued on the mainnet. The release will allow the issue of hundreds of global currencies as taproot assets and enable the settlement of foreign exchange transactions on the Lightning Network. Lightning Labs added Taproot Assets, which will make stablecoins integrated into Lightning wallets accessible to billions of users.