"RailsX introduces two trading pairs, USDT-L and USDC-L, allowing users to trade Bitcoin against stablecoins while maintaining custody of their funds. This marks a significant advancement in dollar-denominated liquidity on the Lightning Network."
"The absence of a centralized order book in RailsX alters price discovery, enabling trades to execute through routed liquidity across the network, similar to how Lightning processes payments."
"RailsX integrates with Thunderhub, allowing users to execute swaps directly from their own nodes, ensuring they maintain control of their private keys throughout the transaction lifecycle."
RailsX, a new Lightning-native exchange layer by Amboss, allows users to trade Bitcoin against stablecoins like USDT-L and USDC-L without losing custody of their funds. This system facilitates peer-to-peer trading across the Lightning Network, with trades settling atomically in seconds. The integration with Thunderhub enables users to execute swaps directly from their nodes, maintaining control of private keys. RailsX enhances existing liquidity provisioning by allowing users to trade and earn yield without transferring assets to an exchange, fundamentally changing price discovery through routed liquidity.
Read at Bitcoin Magazine
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