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Lightning Labs Raises $70M to Bring Stablecoins to Bitcoin

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Lightning Lab’s Elizabeth Stark announced a Taproot-enabled protocol called Taproot Asset Representation Overlay (Taro) that has received $70 million in Series B funding to bring stablecoin capability to the bitcoin network. “The Hash” panel discusses how this project can revitalize bitcoin’s early function as a means for payments and the technological capabilities of the Taproot upgrade.

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