Overview
- Amboss announced RailsX at the PlanB Forum in El Salvador as a peer-to-peer exchange for trading between bitcoin and Taproot Asset stablecoins.
- The platform integrates Amboss’s Magma liquidity marketplace and executes atomic cross-asset swaps via circular self-payments across Lightning channels.
- RailsX operates without custodial control or a conventional order book, keeping user funds in self-custody throughout each transaction.
- Magnolia and Bringin were named as partners to provide fiat on- and off-ramps in the U.S. and Europe, connecting Lightning-based assets to banking rails.
- The launch builds on Amboss’s Rails product to deepen Lightning liquidity, aligns with draft CLARITY Act guidance, and coincides with fresh signals of Taproot Asset stablecoin issuance from industry leaders.