Ethena Labs Announces Details of Redemption Plan for USDe Token Holders

Planet News: Ethena Labs announced the redemption plan details for USDe token holders on the X platform. Crypto must include the following information: full name, address, email and/or phone number; the public blockchain address or wallet account ID where you hold USDe tokens, and the quantity of USDe tokens (including fractional holdings). As proof of USDe token ownership, please include one of the following: a wallet interface screenshot showing your USDe balance and public blockchain address; or a signed message from the wallet holding USDe (e.g., "I am submitting a USDe redemption request to Ethena GmbH"), including the public blockchain address and signature; or an account statement (PDF/CSV) issued by the custody provider, showing the USDe balance and clearly identifying the account (e.g., account ID, username, or customer reference). The payment public blockchain address must be the same as the address currently holding USDe, or another public blockchain address belonging to the same wallet/custody account (same account ID). After successfully completing and approving the KYC/AML process, a confirmation email will be sent. This email will contain the redemption wallet address to which USDe tokens must be transferred. Once USDe tokens are confirmed as transferred to the specified redemption wallet address, Ethena will immediately pay USDC to the specified payment blockchain address.