Neutrl Opens NUSD Redemptions at 51 Cents
Stablecoin protocol Neutrl has opened an emergency redemption program for NUSD and sNUSD after a reserve-liquidity problem disrupted normal operations in August. The Ethereum redemption contract currently references a 0.51 rate for NUSD, giving holders an immediate exit at roughly 51 cents against the token’s $1 reference value. Neutrl previously disclosed approximately $27 million in […]