CroSat
blockchainOct 21, 2026AI summary

SideSwap Reports Around 600 Redemptions Since L-BTC Swaps Resumed

Edited by Steinar Vigdel Kolnes, Editor, Oslo

SideSwap says it has processed about 600 redemptions after reopening L-BTC swaps, using its own bitcoin to pay users.

SideSwap Reports Around 600 Redemptions Since L-BTC Swaps Resumed

SideSwap has reported roughly 600 redemptions since it resumed L-BTC swaps, according to The Defiant.

The provider is funding payments to users with bitcoin held in its own wallet, rather than drawing those payments from Liquid federation reserves.

The Defiant reported that the federation’s reserves cover approximately 85.8% of outstanding L-BTC. That leaves reserve coverage below the total amount of L-BTC in circulation.

Source: The Defiant

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