Neutrl Opens Redemption Portal for NUSD Holders at 0.51 Rate

Neutrl has opened a dedicated redemption portal for holders of its synthetic dollar NUSD and yield-bearing staked counterpart sNUSD. The portal, which was activated on September 17, 2026 at 15:56:22 UTC, allows holders to submit requests through the official Neutrl Redemption Portal, connect their wallet that holds the tokens, and sign an on-chain message to prove ownership before receiving USD Coin (USDC) in exchange. The corresponding NUSD or sNUSD balance is burned on completion.

The redemption rate is fixed and tied to previously disclosed liquid reserves, which Neutrl estimates at around $27 million. This figure implies a redemption rate of 0.51 NUSD per USDC. The redemption window will remain open until November 14, 2026, subject to terms and conditions set by the operator Caverna Auctus Inc.

Third-party security auditor Strata has confirmed that the on-chain reading points to a redemption rate of 0.51 NUSD per US dollar. The team added that the timing, amounts, and recovery outcomes should be treated as estimates and can change.