Gate News message, April 28 — Amboss Technologies has launched RailsX, a peer-to-peer trading platform enabling self-custodial bitcoin and stablecoin transactions natively on the Lightning Network. The platform supports two stablecoin-bitcoin pairs: USDT-L and USDC-L, both issued by Speed Wallet, with trades executing atomically over Lightning payment channels and settling in seconds with minimal fees.
RailsX operates without a centralized order book or intermediary holding assets, allowing users to maintain full control of their private keys at all times. Trades are routed through existing Lightning channels, keeping settlement near-instant and within the Bitcoin ecosystem. The platform combines Amboss’s Magma liquidity marketplace with Taproot Assets technology to facilitate decentralized trading.
Initially unveiled in January, RailsX is now live for early users via open-source node manager Thunderhub with no additional setup required. Amboss is coordinating liquidity formation across BTC/stablecoin pairs to support growing trading volume. The platform builds on Amboss’s existing Rails product, which enables users to supply liquidity to Lightning channels and earn yield without surrendering custody.
“RailsX lets users trade, hold, and move value on Lightning without ever giving up control of their money,” said Amboss CEO and co-founder Jesse Shrader. “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: “Speed Wallet built this technology with one goal: to make stablecoins on Lightning accessible to everyone. 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 The Block’s data, the Lightning Network’s total capacity stands at approximately $380 million, while its bitcoin capacity hovers at roughly 4,870 BTC.
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