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Lightning Labs raises $70M to add stablecoins -Breaking

by Mike Robinson

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Visa shouldn’t be alarmed: Lightning Labs raises US$70M to increase stablecoins

Software firm Lightning Labs secured large financing to help it further develop its Lightning Network, which allows for quicker and cheaper Bitcoin transactions.

Valor Equity Partners led the $70 million Series B round of funding. Baillie Gifford and Goldcrest Capital were also involved. Lightning Labs creates software and additional features to help the users. Lightning Network (LN), Bitcoin’s layer-two transaction solution.

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