In a blog post from Lightning Labs, business development director Ryan Gentry wrote that developers now have “the complete set of tools to start issuing, managing and exploring mainnet assets on-chain.”
Developers have reportedly begun experimenting with “gold, US Treasurys, corporate bonds with programmatic coupon payments and more.”
Lightning Network developers Lightning Labs announced on Wednesday the “mainnet alpha” release of Taproot Assets, a protocol for minting non-native assets to Bitcoin, and eventually to the Lightning Network.
Lightning Labs teases protocol for
stablecoins on Bitcoin
“Over 2 billion people live under double or triple digit inflation in their local currencies, making a stablecoin’s price stability relative to the dollar even more attractive. We believe that Taproot Assets bringing stablecoins to bitcoin wallets will only accelerate the process of bringing bitcoin (BTC) to those billions of people,”
Are stablecoins and other real-world assets coming to Bitcoin? A new release from Lightning Labs may enable just that.
Likewise, in October a research paper proposed “BitVM,” a protocol that would leverage Taproot to enable the creation of a zero-knowledge light client for Bitcoin that would theoretically be Turing complete.
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