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OmniBOLT is the world's first stablecoin (on Omnilayer) circulation specification for Lightning Network, and the second important protocol presented by Omni foundation.As a prominent brand and protocol, Omni Layer is based on bitcoin blockchain it's history can be dated back to 2012. At that time, it was called Mastercoin, which completed the world’s first Initial Coin Offering (aka.ICO), it was then rebranded as Omni Layer in 2015, which aims to provide a tested platform that can support ambitious projects for example, fiat currency-backed crypto Tether.

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