Amboss unveils Lightning-native P2P platform RailsX for bitcoin and stablecoin swaps

Amboss Technologies unveiled RailsX, a peer-to-peer trading platform built natively on the Bitcoin Lightning Network, during the PlanB Forum in El Salvador. RailsX facilitates atomic cross-asset swaps between bitcoin and stablecoin holders using circular self-payments on Lightning channels, ensuring users retain custody of their assets. The platform integrates Amboss's liquidity marketplace, Magma, with Taproot Assets to support decentralized trading, aligning with interpretations of U.S. draft Clarity Act legislation. RailsX works alongside Amboss's existing self-custodial yield product, Rails, aiming to build a comprehensive ecosystem for Lightning liquidity providers. Amboss CEO Jesse Shrader positioned RailsX as a crucial step in Bitcoin's evolution toward scalable, self-custodial P2P trading. This launch follows industry discussions about integrating stablecoins back onto Bitcoin using Taproot Assets and coincides with significant growth in the Lightning Network's capacity.

(Source：The Block)