# Stable Channels - peer-to-peer dollar balances on Lightning

**URL:** <https://delvingbitcoin.org/t/stable-channels-peer-to-peer-dollar-balances-on-lightning/875>\
**Category:** Protocol Design\
**Tags:** lightning\
**Created:** [May 16, 2024, 5:15pm UTC](https://delvingbitcoin.org/t/stable-channels-peer-to-peer-dollar-balances-on-lightning/875 "2024-05-16T17:15:01Z")\
**Posts on this page:** 1\
**Showing post:** 10

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**Author:** ![cryptorevue](https://delvingbitcoin.org/letter_avatar_proxy/v4/letter/c/278dde/32.png) [@cryptorevue](https://delvingbitcoin.org/u/cryptorevue)\
**Post date:** [August 10, 2024, 6:30pm UTC](https://delvingbitcoin.org/t/stable-channels-peer-to-peer-dollar-balances-on-lightning/875/10 "2024-08-10T18:30:41Z")

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> [@cdecker](#):
>
> Hosted channel clients are not normal LN nodes

No. It depends on implementation. Valet supports both and does have a feature “Drain fiat channel” into real LN channel.

Moreover, the Fiat channels protocol may be extended into “Credit channels,” meaning that the host lends fiat-denominated liquidity while having some real channel of the user as a hostage.

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_[View the full topic](https://delvingbitcoin.org/t/stable-channels-peer-to-peer-dollar-balances-on-lightning/875)._