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262 sats \ 1 reply \ @fuji_money 22 Aug 2022 \ on: Ask SN: Decentralized stablecoins on lightning bitcoin
We see Lightning as the "lingua franca" to connect between different layers.
The most common use case for stablecoin is for merchants to be able to accept Bitcoin but convert on the go to a stable MoE/UoA.
We are going to explore submarine swaps between LN and Liquid, to allow the merchants to accept Bitcoin LN and instantly swap to a stablecoin such as Fuji USD on Liquid. Viceversa the merchant can pay suppliers via LN swapping again on the go.
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110 sats \ 0 replies \ @patrick OP 22 Aug 2022
That's a cool idea. Use the speed of LN for the transaction itself and use Liquid for the stablecoin.
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