Cross-Chain Protocol Universal Announces Shutdown

Cross-chain asset protocol Universal has announced it will shut down on November 17 due to insufficient user adoption over the past two years. Users have a 60-day window to redeem their assets. During this period, users can sell uAssets via the application or redeem underlying assets directly. After the official closure, remaining uAssets on Base will be converted to their respective bridged assets or USDC, with final redemption details to be provided before the deadline.