Visa should be ‘scared’: Lightning Labs raises $70M to add stablecoins

2022.04.06 07:55

Visa should be ‘scared’: Lightning Labs raises $70M to add stablecoins

Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions.

The $70 million Series B funding round was led by Valor Equity Partners, with participation from Baillie Gifford, Goldcrest Capital, and several other angel investors. Lightning Labs builds additional features and software for the Lightning Network (LN), Bitcoin’s layer-two transaction solution.

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