ChainCatcher report: The Liquid Federation of Bitcoin’s sidechain, Liquid, has announced that the network’s Bitcoin reserves have been fully restored, reestablishing a 1:1 BTC backing for all LBTC. Users can now transfer between Bitcoin and Liquid at a 1:1 rate through participating exchange services. This development follows the restoration of BTC-LBTC swaps several weeks ago. The Liquid Federation stated that the network’s Bitcoin reserves are independently verifiable; users running their own Liquid nodes can directly verify the reserve proofs, and reserve balances and network activity are publicly accessible via a dashboard. Further measures and upcoming plans will be announced over the coming weeks.
Liquid announces full recovery of Bitcoin reserves; LBTC reinstates 1:1 BTC peg
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Summary
Bitcoin news broke today as Liquid Federation confirmed the full recovery of its Bitcoin reserves, restoring the 1:1 BTC peg for LBTC. Users can now swap BTC and LBTC at a 1:1 ratio through supported services. The Federation stated that reserves are publicly verifiable via node checks and a public dashboard. Further updates will be shared in the coming weeks. This BTC update represents a key step toward the stability of the Liquid network.
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