Very nice privacy properties as well. Also possible to do Cashu mint with on chain btc only. Or any other asset really
Reading about https://cashu.space/ now.
So mints are LN endpoints like any LN node I presume. Once the BTC (over LN) has arrived at the mint, it is backing then a certain amount of cash tokens.
Payment to people on same mint is fast. To other mints would require cashu -> lightning (BTC on LN) and then LN transaction to the other mint and conversion (once received) to cashu.
Is this a correct understanding? Cashu is just a usecase of LN that pairs LN-BTC as backing to a new token?
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