Lightning Labs Launches Taproot Assets Mainnet to Bitcoinize the Dollar
Through Taproot Assets, Lightning Labs is bringing stablecoins to Bitcoin and Bitcoinizing traditional assets including the dollar. Bitcoin layer-2 infrastructure firm Lightning Labs has officially launched the mainnet of Taproot Assets, a protocol that supports the issuance of stablecoins and real-world assets on the Bitcoin and Lightning networks. According to an official announcement, the mainnet release will support functionality on the Bitcoin blockchain, with support for Lightning expected soon. Lightning Labs adds that Taproot Assets v0.3 will give builders all they need to make Bitcoin a “multi-asset network”. It will do this while paying close attention to scalability, and without losing Bitcoins core values. The release states: “We believe this new era for Bitcoin will see a myriad of global currencies issued as Taproot Assets, and the worlds foreign exchange transactions settled instantly over the Lightning Network.” Lightning Labs‘ Head of Business Development Ryan Gentry notes in the release that transactions on Taproot will use Bitcoin’s existing Liquidity and route nodes to forward these transactions on Lightning. Gentry explains that this will extend Bitcoins global reach. “This is how we make Bitcoin the global routing network for the internet of money. This is how we Bitcoinize the dollar and the worlds financial assets.” Lightning Labs Uses




