UXUY is focusing on opportunities in stablecoins.

Sona59

The current opportunity lies in deep engagement with the Lightning Network community, comprehensively tracking all stablecoin solutions, and actively assisting or participating in the establishment of stablecoin standards. UXUY has exclusively created uPool, a service for multi-chain channels, with the core aim of allowing stablecoins to play a more active role in cross-chain transactions. We are also willing to extend this innovative solution to serve the Lightning Network and other Bitcoin Layer2 solutions.

As of November 17, 2023, the Lightning Network's capacity is 5,362.12 BTC, valued at $0.19 billion. UXUY predicts that with the official launch of Taproot Assets on the Lightning Network, the scale of stablecoins will quickly surpass this figure, thereby driving a continuous increase in the capacity of the Bitcoin Lightning Network. We even envision a scenario similar to Ethereum's DeFi Summer in 2020, repeating on Bitcoin.

Samiksha

It's still important to keep an eye on these stablecoins.

977Iti

Focusing on opportunities is right, and also paying attention to the risks.

Niti998

Stablecoins are also worth our attention.