TechFlow, a company focused on Bitcoin operations, Lightning Labs has completed a $70 million Series B funding round led by Valor Equity Partners, with participation from Baillie Gifford, Robinhood CEO Vlad Tenev, and Goldcrest Capital. The new funding will support the use of Lightning Labs' new Taro protocol to enable stablecoin transactions on the Lightning Network.
Lightning Labs focuses on building various functionalities for the Lightning Network and has already developed several products, including Lightning Pool for Bitcoin liquidity. The newly launched Taro protocol allows developers to transfer stablecoins from the Bitcoin network onto the Lightning Network.
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