Lightning Labs CEO: The Taproot Assets protocol is bringing stablecoins and tokenized assets to Bitcoin

ChainCatcher news, according to Cointelegraph, Lightning Labs CEO Elizabeth Stark revealed the latest developments of the Bitcoin development company at the London Crypto and Digital Assets Summit live-streamed by the Financial Times. She stated that the Taproot Assets protocol under Lightning Labs is building functionality to bring stablecoins and tokenized assets to Bitcoin.

According to Stark, developers have made significant progress toward this goal and have ultimately tested transactions on Lightning. She added that traditionally, these digital assets have operated on other blockchains but have been plagued by high fees and other issues. She believes that the Bitcoin network may be best suited to facilitate the use of stablecoins because it "is the most secure and decentralized" blockchain.