Liquid Federation Restores Bitcoin Reserves and LBTC’s 1:1 Backing
Photo: TokenPost
Liquid Federation has restored the Bitcoin reserves backing Liquid’s LBTC after a reserve shortfall, reinstating 1:1 backing for all LBTC and enabling transfers between Bitcoin and Liquid through participating swap providers. The federation said the restored reserves cover the full LBTC supply. Users can now move between Bitcoin (BTC) and Liquid at a one-to-one rate through services that participate in swaps. The transfer option is tied to those providers, the route specified for moving between the Bitcoin asset and Liquid.
Source: TokenPost
