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What is the meaning of the new covenant in the context of the Supper?

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The new covenant, established by Christ's blood, offers forgiveness and eternal life to those who believe.

The new covenant, referenced in Matthew 26:28 as the 'blood of the New Testament,' is fundamentally about the promise of God through Christ, whereby forgiveness of sins is offered to believers. The Lord's Supper symbolizes this covenant, reminding us of the sacrificial death of Jesus, which was necessary for the establishment of this new relationship between God and His people. As explained in Hebrews, this covenant is superior to the old, being ratified by the perfect sacrifice of Christ, who is now our mediator. Thus, the Supper not only commemorates Jesus' death but also affirms our identity and security in the covenantal promise of salvation.
Scripture References: Matthew 26:28, Hebrews 9:15

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