How does this get reflected to the blockchain?

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It doesn't

It's chaumian ecash

Running atop Lightning (bitcoin L2)

Trade-off is trusting the mint/mints you use

Of course .. you can run your *own* mint too

I think I don’t get it. Then anyone can create a coin, that not necessarily has real stocks value?

cashu ecash is an IOU that you trust the mint operator to honor in the future