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DeXe Lightning Updates to Taproot Assets v0.6, Evolving Into a Multi-Asset Network Focusing on Stablecoins
Lightning Labs has announced the release of Taproot Assets v0.6, marking an advancement as the first multi-asset Lightning protocol on the Bitcoin mainnet.
This update allows for the minting of assets, such as stablecoins, which can be sent instantly via the Lightning Network at low fees, enhancing the network’s functionality and security. Notably, Tether is integrating USDT with both onchain transactions and Lightning Network support, enabling users to make cost-effective cross-border payments. The new version introduces a group_key identifier for fungible assets, simplifying transactions and improving user experience. Additionally, enhancements to the Request for Quote (RFQ) protocol facilitate seamless asset conversions, allowing users to send and receive different currencies efficiently. With these updates, Lightning Labs aims to evolve the Lightning Network into a decentralized foreign exchange platform, further promoting the adoption of Taproot Assets.
