Amboss Demonstrates Stablecoin Payments Over the Lightning Network
Photo: TokenPost
Amboss co-founder Jesse Shrader demonstrated transfers of USDT and USDC through Bitcoin (BTC)’s Lightning Network, with users exchanging Bitcoin for stablecoin value as the tokens moved across payment channels. The demonstration points to a stablecoin use for payment infrastructure built on Bitcoin. Lightning channels let participants move payments without waiting for every transfer to be recorded in a new block on Bitcoin’s main chain. Taproot Assets provides a way to issue and transfer digital assets, including stablecoins, on Bitcoin. Under the protocol’s design, assets can travel over Lightning and ultimately settle on Bitcoin’s layer-one blockchain.
Source: TokenPost
