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10 sats \ 3 replies \ @GengarGod007 3 Aug 2022 \ on: Galoy Brings U.S. Dollars To Bitcoin’s Lightning Network bitcoin
Not sure who would be excited about this. Stablecoins have existed forever and I trust USDC/USDT more than OkEx. I’m waiting for Taro on the LN for real stablecoin integration.
the point is that it works with any derivatives exchanges that has an inverse BTC/USD pair.
and a way to limit the risk is to run the hedging on many exchanges at the same time.
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Why is this its own post?
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This is exciting for having a bitcoin/dollars wallet that can transact with other lightning wallets and doesnt rely on eth or tron
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