Lightning Labs Launches Multi-Asset Taproot Assets on Bitcoin, Bringing Trillions in Stablecoin Volume

Jul 23, 2024, 03:45 PM

Lightning Labs has announced the mainnet release of Taproot Assets on the Lightning Network, enabling the minting and instant transfer of assets, including stablecoins, on Bitcoin with low fees. This development is expected to bring trillions of stablecoin volume to Bitcoin and position the Lightning Network as a global, interoperable financial layer. Franklin Templeton, with $1.6 trillion in assets, highlighted the potential of Bitcoin layer 2 solutions to unlock new use cases and opportunities. The release also includes multi-asset support, further enhancing the network's capabilities.