Will the Bitcoin Lightning Network become the core infrastructure for stablecoins...“Share may rise to 5%”
Summary
- There is a view that the Lightning Network will account for at least 5% of stablecoin payment networks.
- Graham Krizek, founder of Voltage, stated that within three years, more than 5% of global stablecoin transaction volume could be processed via the Lightning Network.
- It has been assessed that the Lightning Network, as a scalability tool, could enable larger stablecoin transaction volumes and accelerate its adoption.
There is an opinion that Bitcoin (BTC)’s retail payment network Lightning will account for at least 5% of the payment network for stablecoins (virtual assets pegged to fiat currencies).
According to the cryptocurrency-focused media outlet Cointelegraph on the 25th (KST), Graham Krizek, founder of Voltage, said in an interview, “Within three years, more than 5% of global stablecoin transaction volume may be processed on the Lightning Network.”
Currently, daily stablecoin transaction volume is about $180 billion. It is argued that, in the future, the Lightning Network could be responsible for stablecoin transactions of up to $9 billion. Krizek stated, “Lightning is the best scalability tool for stablecoins,” adding, “The adoption of the Lightning Network could accelerate due to stablecoins.”
Uk Jin
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