Synonym Software Ltd. is a stablecoin-issuer Holdings Limited company that was launched Tuesday. It sets the groundwork for an ambitious and highly successful project.BTCTransactions can be made mainstream by an independent financial platform using the Lightning Network.

Synonym’s stated goal is to enable self-ownership and control of crypto assets by creating an open financial ecosystem that utilizes Bitcoin and the Lightning Network, the company announced Tuesday. CEO John Carvalho said “Hyperbitcoinization won’t magically happen on its own. We need to create a new ecosystem and strategy to replace the legacy economic system if we want to be able to live without oppressive regulations or big banks. That is where Synonym comes in.”