Foresight News reports that the decentralized stablecoin protocol Angle Protocol has announced that the Angle community has voted to orderly liquidate the EURA and USDA stablecoins (AIP-112). Users must redeem their stablecoins before March 1, 2027, with an exchange rate of 1:1 and no loss incurred. The remaining reserves will be airdropped to holders who have not redeemed through Merkl.
The Angle team has now transitioned to Merkl, focusing on DeFi incentive platforms. Users will be able to redeem EURA and USDA on Ethereum through the Angle app within the next year, and exchange EURC and USDC at a 1:1 ratio via the Angle Transmuter on the same app. Note that after March 1, 2027, the Angle protocol will cease operations, and EURA and USDA may depeg.
The second phase of liquidation will begin after the redemption period ends, with remaining reserves airdropped proportionally to EURA and USDA holders on Ethereum. Only users who have transferred back to Ethereum are eligible to receive the airdrop. The airdrop will be distributed through Merkl. The subsequent third phase will offer an additional one-year claim period, allowing users to directly claim EURC or USDC on Merkl, forming a total two-year window for fund redemption.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Jupiter announces the launch of the on-chain virtual card Jupiter Card
BlockBeats News, March 6th, Jupiter announced the launch of Jupiter Card, an on-chain card fully integrated into Jupiter Mobile. Users can make purchases using their wallet balance: spend at all locations that accept Visa; Jupiter Card is a virtual card for Visa Infinite and Platinum; transaction fees range from 1-1.8%; by
GateNews21m ago
Polkadot to Reset Tokenomics on March 12 With Major DOT Supply and Staking Changes
Polkadot will introduce a new monetary framework on March 12 that sets DOT’s supply cap at 2.1 billion and lowers emissions by 53.6%.
The overhaul will also create a Dynamic Allocation Pool and shorten the DOT unbonding period from 28 days to 24–48 hours.
On March 12, Polkadot will reset
CryptoNewsFlash4h ago
Builders Are Walking Away From Aave – What Does It Mean for AAVE Price?
Aave (AAVE) is dealing with two very different headlines at the same time. On one side, the protocol faced a $24 million exploit linked to address poisoning, once again reminding users that security risks still exist across DeFi.
Despite that incident, the market reaction has been somewhat
CaptainAltcoin6h ago
Western Union Launches USDPT Stablecoin on Solana Network
_Western Union is launching USDPT, a new stablecoin on Solana, backed by 360,000 cash locations across 200+ countries worldwide._
Western Union is making a bold move into the stablecoin space. The global payments giant has announced USDPT, a new U.S. dollar-denominated stablecoin built on Solana
LiveBTCNews8h ago
Japanese Yen Stablecoin: Can Japan Shake Up the $40 Trillion On-Chain Arbitrage Market Worldwide?
Japan is actively promoting the Japanese Yen stablecoin to reshape its position in the global financial market, aiming to strengthen the core role of the Yen through on-chain arbitrage trading. Despite challenges such as liquidity, regulation, and retail participation, its success will bring an important non-USD asset base to on-chain finance.
PANews8h ago
Aave Labs proposes launching the V4 dedicated bug bounty program
Aave Labs proposes to launch the Aave V4 bug bounty program on the Sherlock platform, aiming to establish a security reporting channel with tiered handling to prioritize high-risk vulnerabilities and improve processing efficiency. Sherlock has previously collaborated with Aave on security work.
GateNews8h ago
