GALOY

Stablesats offers a third option for Bitcoin banks wishing to solve the volatility problem for their users. The chart below compares some of the tradeoffs between the two typical options - stablecoins and fiat banking integration - and points to a future fourth option based on Discreet Log Contracts (DLCs)... With Stablesats, users don't have to worry about which blockchain or stablecoins their counterparty uses. Stablesats offers a way to hold and transact dollars that is fully interoperable with anyone using bitcoin and Lightning... Stablesats enables Lightning users to hold, send and receive dollars without the use of stablecoins or fiat integration. It aims to solve one of the biggest problems for people living on bitcoin: short-term exchange rate volatility.

Also known as: Galoy, Inc., stablesats