Cashu does not put satoshis INTO bearer ecash tokens. It issues an independent token which on its own is incompatible with every other cashu mint doing the same.
A mint itself takes possession of the sats, and offers a service to
- give you tokens for sats
- swap tokens for fresh tokens
- accept requests to pay bolt11 lightning invoices denominated in satoshis and provides an offer exchange rate
- may fullfill payment of aforementioned invoices through bridging to lightning network.
When you send satoshis to a cashu mint, you are effectively selling your sats for tokens under the hope that you can later get some of that value back.
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