According to Odaily Planet Daily, Ethena Labs has released a redemption plan for USDe token holders on the X platform. Holders are required to submit a request by filling out an electronic redemption form, including full name, address, email and phone number.
Holders are required to provide the public blockchain address or wallet account ID of USDe tokens, as well as the number of USDe tokens held. As proof of ownership, a screenshot of the wallet interface or a signed message, or an account statement issued by a custody provider, is required.
The redemption application needs to pass KYC/AML review, and the confirmation email will provide the redemption wallet address. After confirming the transfer of USDe, Ethena will pay USDC to the designated address.