Doesn't have to be on chain. Just balance sheet. I have a getalby wallet. They might expect $1M a day incoming from 10,000 users. They do a single 1M onchain to load their wallet, and then send those sats to people as the fiat arrives.
Intraday hedging (swallowed in the spread) and golden.
Because you only use fiat to load your LN spending wallet. Y'all HODLing the BTC :-)
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