Liquid Network Says Bitcoin Reserves Fully Restored, LBTC Now 1:1 Backed
OdailyOdaily News: Liquid Network posted on X that the network's Bitcoin reserves have been fully restored, and all LBTC is once again backed 1:1 by BTC.
BTC and LBTC redemptions resumed several weeks ago, allowing users to move assets between the Bitcoin network and Liquid at a 1:1 ratio through participating swap providers. Users can verify the federation's reserve proof by running a Liquid node, or view reserve balances and network activity through a public dashboard.
This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.