Neutrl said holders of NUSD and sNUSD can now submit redemption requests through its official redemption portal, subject to applicable terms and conditions. Under the program, redemptions will use a fixed redemption rate backed by previously disclosed liquidity reserves. Users who complete the process will receive USDC, while the corresponding NUSD or sNUSD will be burned. To proceed, users must connect the wallet holding the tokens and sign an on-chain message to verify ownership, with the portal showing the relevant redemption details before submission. The redemption window is expected to remain open until Nov. 14, 2026. Neutrl also said the redemption contract has been reviewed by a third-party security audit firm and urged users to confirm they are interacting only with the official Neutrl redemption portal URL before connecting a wallet, signing messages, or sending transactions. Neutrl is operated by Caverna Auctus Inc.
Neutrl said holders of NUSD and sNUSD can now submit redemption requests through the official Neutrl redemption portal, subject to applicable terms and conditions.
The company said the redemption program uses a fixed redemption rate based on previously disclosed liquidity reserves. Users who complete a redemption will receive USDC, and the corresponding NUSD or sNUSD will be burned.
To submit a request, users must connect the wallet that holds NUSD or sNUSD and sign an on-chain message to verify ownership. The portal will display the applicable redemption details before submission.
Neutrl said the program is expected to remain open until Nov. 14, 2026. Users are advised to review the full terms listed on the portal before submitting a request.
The firm also said the redemption contract has been reviewed by a third-party security audit organization. It urged users to confirm they are interacting only with the official Neutrl redemption portal URL before connecting a wallet, signing a message, or submitting a transaction.
Neutrl is operated by Caverna Auctus Inc.
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