With Cashu we'll soon have USD e-cash  backed by perpetual futures short BTC (on platforms like LNMarkets), instead of treasury notes or real cash.

Would you or your people be interested in using this instead of tether?

Not to mention this would also spread bitcoin adoption because these tokens can only be redeemed for an equivalent amount in sats, over lightning. 

 Most certanly. I will study your approuch. based on some kind of federation, right? 

 Nope cashu is single custodian.
But if people are gonna be hooked on stablecoins for convenience and price "safety", then they might as well get hooked on USD e-cash, instead of Tether.

You get more privacy, basically free transactions and when you redeem, you get an equivalent amount of sats. 

 Sounds good. I will look into it. Thx! 

 A teaser https://image.nostr.build/b1c0b15fa3e5ec7fd4e73da04a6b88e0b52f7d3ec5984b2efc722b91f52b8e39.jpg 

 I am testing it with my own real sats, lol. 

 But how do you withdraw sats from usd ecash ? 

 When you present tokens for an amount of 5$, the mint pays you the equivalent amount in sats at the current exchange rate: right now that would be 8217 sats. 

 So from usd mints I can auto transfer to btc sats mints is that correct ? 

 You can pay any lightning invoice, so yes you can redeem usd e-cash to pay a lightning invoice of a sats mint. 

 That's cool to know 🤠😊 

 Just now found out usd ecash to btc sats ecash transfer need some improvement work not all amount is working properly

If one wants to transfer all usd ecash to btc sats one have to manually do it by breaking them up into smaller units

#ecash #cashu #usdmints 

 Have you cloned my branch? Last I tried with the entire amount it worked just fine!

Can you DM me with further details? 

 I have not checked everything but I have used stablenut.umint.cash and tested both cashu.me and minibits wallets 

 I investigated this and it seemed to be an error in the client. Like you said it treated the USD amount as if it were SATs. I have published a PR on cashu.me repo that should take care of the issue, but there is not much I can do about minibits. 

 That's also cool to know 🤠🤠 

 The future.