Liquid announced that its Bitcoin reserves have been fully restored, and LBTC has returned to a 1:1 peg

The Liquid Federation of the Bitcoin sidechain Liquid announced that the network's Bitcoin reserves have been fully restored, re-establishing a 1:1 backing of all LBTC with BTC. Users can now transfer between Bitcoin and Liquid at a 1:1 ratio through participating exchange service providers.

This development comes weeks after the restoration of BTC and LBTC swaps. The Liquid Federation stated that the network's Bitcoin reserves can be independently verified, and users running their own Liquid nodes can directly verify their reserve proofs. The reserve balances and network activities can also be viewed through a public dashboard. More initiatives and follow-up arrangements will be announced in the coming weeks.