Angle Protocol Community Votes to Orderly Shut Down EURA and USDA Stablecoins

Odaily News The Angle Protocol community has passed proposal AIP-112, agreeing to an orderly shutdown of the EURA and USDA stablecoins over a one-year transition period. Users can bridge their EURA and USDA from various chains back to Ethereum via the Angle App before March 1, 2027, and redeem them for EURC and USDC at a 1:1 ratio. VaultManager positions can be closed to retrieve collateral. After the transition period ends, the protocol will cease operations, and EURA and USDA may depeg. The remaining reserves will be recovered by a multi-signature wallet and proportionally airdropped via Merkl to unredeemed token holders already on Ethereum. Users will have an additional one-year claim window after the airdrop goes live.