You think it half way. Fiat channels is just a go-to-market strategy to ease pain of e.g. TRON USDT.
It's all may serve well to the Bitcoin-only economy because it allows for example bitcoin-priced commodity futures contracts. Lending too at least for when fiat currencies still exist.

standard_sats

The Valet project will continue to be maintained as a non-custodial Lightning wallet for cheap Android devices.

It's all that matters. I still think that hosted channels are good thing for LN and a simple way to onboard new users. I could say that is even more elegant than ecash cashu.

But please don't mix up again with fiat crap. Keep it simple and keep it Bitcoin only.

bitcoin

Fiat channels Postmortem: Hacks and Bugs

Thank you for this detailed report.

>The Valet project will continue to be maintained as a non-custodial Lightning wallet for cheap Android devices.

It's all that matters. I still think that hosted channels are good thing for LN and a simple way to onboard new users. I could say that is even more elegant than ecash cashu.

But please don't mix up again with fiat crap. Keep it simple and keep it Bitcoin only.