stUSDT has launched an orderly exit, and the redemption portal will close on May 14, 2027

The stablecoin deposit certificate token stUSDT, which operates on Tron and Ethereum, and its wrapped version wstUSDT, has initiated an orderly exit. This token is used for real-world asset investments, with a strategy primarily focused on high-rated short-term government bonds. The returns were previously distributed by increasing the holders' balances through Rebase. The official announcement indicates that Rebase rewards will terminate on November 14, 2026, with the redemption window opening on the same day. The redemption portal will close at 19:59 Eastern Time on May 14, 2027. According to DefiLlama data, the total locked value of stUSDT on November 14 is approximately $9.49 million, almost entirely on Tron, while the figure for November 14, 2025, is $60.28 million.

The official exit guide does not specify the reason for this exit, nor does it provide redemption ratios or fee arrangements. The team stated that all underlying assets remain fully backed. In the redemption process, holders must first withdraw tokens stored on exchanges or platforms like JustLend, SunSwap, and Curve back to their personal Web3 wallets. stUSDT holders need to complete the Unstake on the official website's Stake page and then click Claim to receive USDT; merely submitting the unstaking transaction will not complete the payout. wstUSDT holders must first execute Unwrap on the Wrap page to exchange back for stUSDT. After the deadline, redemption requests must be submitted through official customer service and will be processed in monthly batches until August 2027. Wallets must reserve TRX or ETH to pay for network fees.