Expecting the greenback to be replaced by Bitcoin? One company is bidding to “Bitcoinize the dollar” by enabling stablecoins and other assets built atop Bitcoin via the Lightning Network.

Lightning Labs, one of the main companies working on Bitcoin’s layer-2 Lightning Network, released “Taproot Assets” on mainnet Wednesday, allowing for the issuance of stablecoins and other financial assets on the Bitcoin blockchain. 

According to the press release, the new set of developer tools will allow for Bitcoin to become a multi-asset network, taking the protocol to the next financial level.

“This means that people all over the world will be able to access the global payments network of the future with just a mobile phone,” Lightning Labs Director of Business Development Ryan Gentry told Decrypt.

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Author: Pedro Solimano

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