The Angle Protocol community has resolved to systematically shut down the EURA and USDA stablecoins.

MarsBitNews · 2026-03-04T14:40:25+00:00

The Angle Protocol community has decided through Proposal AIP-112 to orderly shut down the EURA and USDA stablecoins within one year. Users can exchange them for EURC and USDC before March 1, 2027. After the transition period ends, the protocol will cease operations, and remaining reserves will be airdropped proportionally to token holders.

MarsBitNews

2026-03-04 14:40:25

Abstract generation in progress

Mars Finance reports that, according to official sources, the Angle Protocol community has approved Proposal AIP-112 to orderly shut down EURA and USDA stablecoins over a one-year transition period. Users can cross back their EURA and USDA tokens from various chains to Ethereum via the Angle App before March 1, 2027, and exchange them 1:1 for EURC and USDC. VaultManager positions can be closed to retrieve collateral. After the transition period ends, the protocol will cease operation, and EURA and USDA may depeg. Remaining reserves will be recovered through multi-signature wallets and a Merkle airdrop to unredeemed token holders on Ethereum proportionally. Users will have a one-year claim window after the airdrop goes live.

ETH9.52%

USDC-0.03%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.