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Cashu protocol issues Bitcoin-backed bearer tokens via Lightning network, still in early development.

Protocol Fundamentals
23 Oct 2026
Tokenpost
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Neutral
Cashu protocol issues Bitcoin-backed bearer tokens via Lightning network, still in early development.

Cashu is an open protocol that creates bearer tokens backed by Bitcoin using the Lightning network. These tokens represent claims against the mint that issued them, which holds the corresponding Bitcoin satoshis. Users must trust the mint operators since they custody the actual Bitcoin. The protocol and its wallets are currently in early development stages, indicating more work is needed before widespread adoption.

Regarding Cashu and its mint operators, here is Pluang's market snapshot as of Oct 24, 2026 00:22 WIB: Out of 50 major cryptocurrencies priced on Pluang, 44 rose and 5 fell today. Notable movers include UNI at Rp129.242 with a 3.05% increase and a typical hold time of 65 days, BNB at Rp13.493.881 with a 3.04% rise and a 90-day hold time, and YFI at Rp39.837.602 up 3.00% with a 94-day hold time. The most notable figure is the 67% buy order activity for YFI on Pluang.

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