CoinScoopNeutrl Opens NUSD Redemptions at $0.51 Following Strata Junior Tranche Losses
Neutrl has launched a redemption program allowing NUSD holders to exit at a rate of 0.51 USDC per token, representing a 49% loss against its $1 reference value. The redemption rate is hardcoded into the project's Ethereum contract, which currently returns a value of 0.51 USDC per NUSD.
Summaries are written by AI from the original article. Not investment advice.