Amboss Activates RailsX, Enabling Self-Custody Stablecoin Trading on Bitcoin Lightning

Amboss has launched RailsX, a new exchange layer for the Bitcoin Lightning Network that enables users to trade stablecoins against Bitcoin without relinquishing custody of their funds. This innovation allows for peer-to-peer trading of USDT-L and USDC-L, issued by Speed Wallet, directly across Lightning channels, settling atomically within seconds. RailsX integrates with Thunderhub, a Lightning node management interface, acting as the routing layer for these trades, ensuring users maintain control of their private keys. This development extends Amboss's existing Rails product, creating a combined liquidity and trading layer where users can earn yield and trade without transferring assets to an exchange. While trading is self-custodial, the issuance of stablecoins still relies on Speed Wallet as a centralized entity. RailsX aims to embed stablecoin utility directly into Bitcoin's payment infrastructure, potentially competing with other ecosystems dominant in stablecoin activity, though its scalability will depend on liquidity depth and node participation.

(Source：Bitcoin Magazine)