TechFlow news: Lightning Labs is leveraging Bitcoin's Taproot upgrade to build new functionality enabling stablecoins to operate on Bitcoin. The protocol has made significant progress, including a demonstration of the first asset transaction on the Lightning Network. CEO Elizabeth Stark noted that Bitcoin could be the most suitable blockchain for stablecoin use, especially in countries facing inflation and currency devaluation.
She also emphasized that stablecoin adoption surged during the COVID-19 pandemic, primarily in emerging markets.




