Usd Coin Bitcoin Stablecoin Lightning Network Usd Coin Bitcoin

Dollars on the Lightning Network: a boon for emerging markets?

Reading now: 803

Dollars at the click of a button on the Lightning Network could soon become a reality. An innovation from Galoy, the provider of open source core banking platforms such as Bitcoin (BTC) Beach wallet, could provide safe haven from the volatility of BTC.The innovation, called Stablesats, uses derivatives contracts to create a Bitcoin-backed synthetic dollar pegged to USD.

The founder of Galoy, Nicolas Burtey, told Cointelegraph in an ‘explain like I’m five’ kind of way that the wallet works as so:But why do we need dollars inside of a Lightning wallet–isn’t that what stablecoins are for?

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News