Web3
Neutrl Opens NUSD Redemptions at 51 Cents as Strata Junior Tranche Faces Wipeout
The Defiant·September 18, 2026·1 min read
Strata scheduled a 48-hour valuation update that will write jrNUSD to zero, wiping out the junior tranche. Withdrawals from the senior tranche settle in sNUSD at revised share values. Neutrl opened NUSD redemptions at 51 cents as the restructuring proceeds.
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