Ethena Labs Announces Details of Redemption Plan for USDe Token Holders

Odaily Planet Daily News Ethena Labs published an article on the X platform to announce the details of the redemption plan for USDe token holders. USDe token holders can submit a redemption request by filling out an electronic redemption form. The currency circle must include the following information · Full name, address, email and/or phone number · The public blockchain address or wallet account ID where you hold USDe tokens, and the number of USDe tokens (including scattered holdings) · As proof of ownership of USDe tokens, please include any of the following: · A screenshot of the wallet interface showing your USDe balance and public blockchain address · Or a signed message from a wallet holding USDe (e.g. "I am submitting a USDe redemption request to Ethena GmbH"), including the public blockchain address and signature. · Or an account statement (PDF/CSV) issued by a custody provider showing the USDe balance and clearly identifying the account (e.g. account ID, username or customer reference). · Payment public blockchain address – the same as the address currently holding USDe, or · Another public blockchain address belonging to the same wallet/custodian account (same account ID) where USDe is stored. After the redemption application has successfully completed the KYC/AML process review and approval, you will receive a confirmation email from the official. This email will contain the redemption wallet address to which the USDe tokens must be transferred. After confirming that the USDe tokens have been transferred to the designated redemption wallet address, Ethena will immediately pay USDC to the designated payment public chain address.