TechFlow news, on June 26, Ethena Labs announced details of the redemption plan for USDe token holders. USDe token holders must fill out an electronic redemption form providing full name, address, contact information, blockchain address/wallet ID holding tokens, and token amount. Supporting documents are required: wallet interface screenshot, signed message, or custodian account statement. The payout address may be the same as the current USDe holding address or another address within the same wallet/custody account. After completing KYC/AML review, a confirmation email will be sent containing the redemption wallet address. Once receipt of USDe transfer is confirmed, Ethena will send USDC to the designated address.
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