{"id":177011,"date":"2023-10-19T09:37:35","date_gmt":"2023-10-19T04:07:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177011"},"modified":"2023-10-19T09:37:35","modified_gmt":"2023-10-19T04:07:35","slug":"lightning-labs-teases-protocol-for-minting-rwas-stablecoins-on-bitcoin-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/lightning-labs-teases-protocol-for-minting-rwas-stablecoins-on-bitcoin-crypto-news\/","title":{"rendered":"Lightning Labs teases protocol for minting RWAs, stablecoins on Bitcoin – Crypto News"},"content":{"rendered":"

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Are stablecoins and other real-world assets coming to Bitcoin? A new release from Lightning Labs may enable just that.\u00a0<\/p>\n

Lightning Network developers Lightning Labs announced on Wednesday the \u201cmainnet alpha\u201d release of Taproot Assets, a protocol for minting non-native assets to Bitcoin, and eventually to the Lightning Network.\u00a0<\/p>\n

In a blog post from Lightning Labs, business development director Ryan Gentry wrote that developers now have \u201cthe complete set of tools to start issuing, managing and exploring mainnet assets on-chain.\u201d<\/p>\n

The blog post emphasized stablecoins<\/a> in particular as a promising design space, pointing to recent research that shows stablecoin projects are, in aggregate, now among the largest holders of US Treasurys in the world.\u00a0<\/p>\n

Additionally, the blog cited a recent Blockworks article, noting that stablecoins are an ideal alternative to local currencies in emerging economies<\/a>.\u00a0<\/p>\n

\u201cOver 2 billion people live under double or triple digit inflation in their local currencies, making a stablecoin\u2019s 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<\/a>) to those billions of people,\u201d he wrote.\u00a0<\/p>\n

Developers have reportedly begun experimenting with \u201cgold, US Treasurys, corporate bonds with programmatic coupon payments and more.\u201d<\/p>\n

The launch of the protocol comes amid a surge of activity in Bitcoin development. The 2021 \u201cTaproot\u201d upgrade to the network<\/a> \u2014 the first since 2017 \u2014 significantly expanded the theoretical capabilities of the chain from a development perspective.\u00a0<\/p>\n

Since then, native NFTs from developer Casey Rodamor \u2013 also referred to as Ordinals \u2013 have led to a surge in transactions and interest in Bitcoin<\/a> blockspace.\u00a0<\/p>\n

Likewise, in October a research paper proposed \u201cBitVM,\u201d a protocol that would leverage Taproot to enable the creation of a zero-knowledge light client for Bitcoin<\/a> that would theoretically be Turing complete.\u00a0<\/p>\n

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Follow Sam Bankman-Fried\u2019s trial with the latest news from the courtroom<\/a>.\u00a0<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Are stablecoins and other real-world assets coming to Bitcoin? A new release from Lightning Labs may enable just that.\u00a0 Lightning Network developers Lightning Labs announced on Wednesday the \u201cmainnet alpha\u201d release of Taproot Assets, a protocol for minting non-native assets to Bitcoin, and eventually to the Lightning Network.\u00a0 In a blog post from Lightning Labs, […]<\/p>\n","protected":false},"author":2,"featured_media":177012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-177011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=177011"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177011\/revisions"}],"predecessor-version":[{"id":177014,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177011\/revisions\/177014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/177012"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}