According to Odaily Planet Daily, Ethena Labs announced the redemption plan for USDe token holders on the X platform. Holders must fill out an electronic exchange form to submit their request, including full name, address, email, and phone number.
The holder must provide the public blockchain address or wallet account ID for the USDe token, as well as the amount held. As proof of ownership, a screenshot of the wallet interface or a signed message, or an account statement issued by the custodian provider must be provided.
Redemption applications must pass KYC/AML review, and a confirmation email will provide the redemption wallet address. After confirming the transfer of USDe, Ethena will pay USDC to the specified address.