Sep 18, 2026
Neutrl opens NUSD redemptions at 51 cents as Strata junior tranche faces total loss
Neutrl launched a redemption portal on September 17, 2026, allowing holders to redeem NUSD and sNUSD tokens at 51 cents on the dollar. The move comes as Strata scheduled a 48-hour valuation update that would write the junior tranche (jrNUSD) to zero while senior tranche withdrawals settle at revised share values.
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