Gate News message, April 28 — Amboss Technologies launched RailsX, a peer-to-peer Bitcoin and stablecoin trading platform built natively on the Lightning Network. The platform enables users to trade Bitcoin against stablecoins while retaining full self-custody, with no centralized order book and no intermediary holding assets. Trades execute atomically over Lightning payment channels, settling in seconds with minimal fees.
RailsX debuted with two stablecoin-Bitcoin pairs: USDT-L and USDC-L, both issued by Speed Wallet. Initially unveiled in January, the platform is now live for early users via Thunderhub, an open-source node manager, with no additional setup required. The platform combines Amboss’s liquidity marketplace Magma with Taproot Assets to facilitate decentralized trading, building on Amboss’s existing Rails product, which allows users to supply liquidity to Lightning channels and earn yield without surrendering custody.
Amboss CEO Jesse Shrader stated: “RailsX lets users trade, hold, and move value on Lightning without ever giving up control of their money. We’re unlocking Bitcoin’s potential as a medium of exchange by serving global stablecoin demands without cross-chain DeFi risks.” Speed Wallet CEO Raj Patel added: “RailsX is exactly the kind of distribution platform we envisioned, one that opens this up to the entire Lightning Network and takes self-custody stablecoin trading mainstream.”
According to data, the Lightning Network’s total U.S. dollar capacity stands at approximately $380 million, while its Bitcoin capacity hovers at roughly 4,870 BTC. The announcement follows recent industry discussions from Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark on bringing stablecoins back to Bitcoin using Taproot Assets.
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