RWA protocol stUSDT winds down three years after $2.3B TVL peak
The stUSDT team did not disclose a reason for winding down the RWA protocol but assured holders that all underlying assets remain fully backed.
RWA protocol stUSDT has initiated its wind-down process, nearly three years after achieving a peak total value locked (TVL) of $2.3 billion. The team has announced the cessation of rewards and opened a six-month redemption window for tokenholders, with the deadline for redemption set for May 14, 2027. Despite not providing a specific reason for the shutdown, the stUSDT team confirmed that all underlying assets remain fully backed.
Holders are advised to transfer their tokens to personal wallets before redemption, as those on exchanges or DeFi platforms cannot be redeemed directly.
Brief written by urgent.news from Cointelegraph's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
