Neutrl Opens Redemption Portal for NUSD and sNUSD, Holders Can Redeem for USDC

Neutrl announced that NUSD and sNUSD holders can now submit redemption requests through the official Neutrl redemption portal, subject to applicable terms and conditions. The redemption plan provides a fixed redemption rate based on previously disclosed liquid reserves, and users who complete redemptions will receive USDC, with the corresponding NUSD or sNUSD being burned. Users must connect a wallet holding NUSD or sNUSD and sign an on-chain message to verify ownership, with the portal displaying applicable redemption details before submission. The redemption program is expected to remain open until November 14, 2026, and users should carefully review the full terms on the portal before submitting. The redemption contract has been reviewed by a third-party security audit firm. Users should confirm they are interacting only with the official Neutrl redemption portal URL before connecting wallets, signing messages, or submitting transactions. Neutrl is operated by Caverna Auctus Inc.