RailsX Goes Live: Amboss Brings Self-Custodial Bitcoin and Stablecoin Trading to the Lightning Network
RailsX, developed by Amboss Technologies, has launched a peer-to-peer self-custodial exchange on the Lightning Network enabling instant, atomic trading of bitcoin against stablecoins USDT-L and USDC-L without intermediaries. The platform leverages Amboss's Magma liquidity marketplace and Taproot Assets, ensuring users retain full control of private keys and benefit from fast, low-fee settlements. This innovation supports decentralized trading and aligns with emerging regulatory clarity, potentially enhancing liquidity and adoption of Lightning Network-based assets.
TLDR: RailsX enables peer-to-peer bitcoin and stablecoin trading natively on the Lightning Network with no intermediary.. The platform launches with two stablecoin pairs, USDT-L and USDC-L, both issued by Speed Wallet on Lightning. All trades settle atomically through Lightning channels in seconds, removing the need for centralized exchanges. RailsX combines Amboss’s Magma liquidity marketplace with Taproot Assets to power decentralized BTC trading. RailsX, a new peer-to-peer exchange built on the Lightning Network, is now live for early users. Amboss Technologies developed the platform to allow self-custodial trading between bitcoin and stablecoins. The launch introduces two stablecoin-bitcoin pairs: USDT-L and USDC-L, both issued by Speed Wallet. Users retain full control of their private keys throughout all transactions, removing the need for centralized custody. Trading Bitcoin Against Stablecoins Without Giving Up Custody RailsX routes all trades through existing Lightning payment channels. This means settlement happens in seconds, with minimal fees and no third-party intermediary holding assets. There is no centralized order book managing trades on the platform. Instead, transactions execute atomically, giving users a fully decentralized trading experience. The platform is accessible through open-source node manager Thunderhub, with no additional setup required. Amboss is also coordinating liquidity formation across BTC/stablecoin pairs to support growing trading volume. RailsX combines Amboss’s liquidity marketplace, Magma, with Taproot Assets to enable this decentralized structure. The company says this approach aligns with its reading of U.S. draft Clarity Act legislation. Speed Wallet handles the issuance and underlying custody for both USDT-L and USDC-L. All assets remain fully backed and transparent under Speed Wallet’s framework. Before RailsX launched, Speed Wallet had already been operating wrapped stablecoins for its own users. Now, that infrastru...
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