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By Shirley Li , Researcher at Web3Caff Research
Cover: Logo from this project, Typography by Web3Caff Research
Word count: about 2500+ words
According to official disclosure, on September 19, Bitcoin infrastructure company Bitlight Labs announced the completion of a US$9.6 million Pre-A round of financing, led by Amber Group and Fundamental Labs, with participation from UOB Venture Management, Signum Capital, ArkStream Capital, Side Door VC, Outliers Fund, Taisu Ventures, HV Capital, SuDo Research, and Gate Ventures.
With the recent rapid development of stablecoin infrastructure, stablecoins have begun to be widely used in cross-border settlements, merchant payments, and other fields. In the Ethereum ecosystem, the payment sector has developed particularly rapidly due to the continuous improvement of its underlying infrastructure. However, the stablecoins that are well-known to users are mainly stored on blockchains such as Ethereum and Tron. To use them on the Bitcoin network, users need to use wrapped assets or cross-chain bridges, but this approach carries potential centralization and custody risks.
To this end, Bitlight Labs, a Bitcoin infrastructure company that announced its financing this time, is trying to promote the implementation of stablecoin solutions in the Bitcoin ecosystem by combining the "Lightning Network" with the RGB protocol, and to promote the development of Bitcoin network assets and stablecoin payment frameworks and applications.
