🧵 1. Lightning Labs CEO Elizabeth Stark revealed plans at the FT Crypto Summit to enable stablecoins on the Lightning Network, facilitating new use cases for Bitcoin. #crypto
🧵 1. Lightning Labs CEO Elizabeth Stark revealed plans at the FT Crypto Summit to enable stablecoins on the Lightning Network, facilitating new use cases for Bitcoin. #crypto
🧵 2. Developers have executed a test transaction on the Lightning Network with an asset created using Taproot Assets protocol, aiming for stablecoins on Bitcoin.
🧵 3. Stark emphasized solving real-world problems, not meme coins. Lightning Labs' tech aims to enable global transactions without borders on the Bitcoin blockchain.
🧵 4. Increasing developer interest in Bitcoin post-halving, with projects like DeFi on Bitcoin and bitVM offering new capabilities for the crypto ecosystem.
🧵 5. Stark highlighted Bitcoin's role in enabling remittances and evading capital controls in emerging markets, emphasizing its potential impact in hyperinflationary environments.
🧵 Read more at: https://decrypt.co/230216/lightning-labs-stablecoins-on-bitcoin-blockchain-ceo