Lightning Labs introduced a protocol for issuing stablecoins

06.04.2022 08:12
by Artem Ustinov
1 min read

Lightning Labs introduced a protocol for issuing stablecoins

The Lightning Labs team has closed a $70 million Series B funding round. The proceeds will be used to develop the Taro protocol.

The Taro protocol allows you to issue stablecoins on the Bitcoin network and use them in Lightning Network applications. Taro uses the Bitcoin blockchain and the speed, scalability and low fees of the Lightning Network to make payments in BTC.

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  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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