Neutrl Opens NUSD and sNUSD Redemptions, to Be Converted to USDC at a Fixed Ratio

Odaily Reports: Neutrl announced on X that NUSD and sNUSD redemptions are now open, and holders can submit applications through the official redemption portal. According to the redemption plan, NUSD and sNUSD will be redeemed at a fixed ratio determined based on the liquid reserves previously disclosed by Neutrl. After completing the redemption, users will receive USDC, and the corresponding NUSD or sNUSD will be burned.

The redemption plan is expected to remain open until November 14, 2026. Users need to connect a wallet holding the relevant assets and sign an on-chain message to verify ownership. Specific redemption information will be displayed before the application is submitted.

Previously, Neutrl stated that in order to meet users' liquidity needs, it planned to open an early redemption mechanism for NUSD and sNUSD holders, expected to launch in early September.