Search
K

Redemption

Redemption is defined as the destruction of USDV to redeem underlying tokenized RWA.
Impact on USDV circulation: Reduce (-)
By destroying USDV, the underlying asset is unlocked from the Vault. USDV of any color can be used for redemption.
Redemption occurs in a single atomic transaction as follows:
  • A user deposits $K USDV of any color (e.g., USDV_BLUE) to redeem.
  • $K STBT is unlocked. A Redemption Fee is deducted from the unlocked STBT, and the remaining balance is sent to the receiver.
  • $K Vault Shares are removed from USDV_BLUE.
Redemption is currently exclusive to the Ethereum network, and only STBT is available for redemption.
Redemption fee is applicable. See Fees for more details.
Last modified 3mo ago
Copyright by Verified USD Foundation