Decentralized stablecoin project Angle Protocol announces it will gradually shut down its euro stablecoin EURA and US dollar stablecoin USDA, with community voting unanimously in favor of the decision. EURA was once a market leader, but due to increased competition, its market cap has dropped to $4 million. Despite the ongoing market expansion, EURA has chosen to exit orderly and allows holders to exchange it for other stablecoins within one year.

Angle Protocol officially announces that the community has voted to proceed with the orderly liquidation of stablecoins EURA and USDA, and users must redeem them at a 1:1 ratio before March 1, 2027. After liquidation, remaining reserves will be airdropped to holders via Merkl, and the Angle team will transition to Merkl, a DeFi-focused platform, which will enable the exchange of new tokens on Ethereum over the next year.