stUSDT Begins Orderly Exit, Redemption Portal to Close May 14, 2027
According to ChainCatcher citing DefiLlama, stUSDT and wrapped wstUSDT, tokens operating on Tron and Ethereum, have begun an orderly exit. The official announcement says rebase rewards ended on November 14, 2026, when the redemption window opened. The portal will close at 7:59 PM (U.S. Eastern Time) on May 14, 2027. DefiLlama data showed stUSDT’s total value locked at about $9.49 million on November 14, down from $60.28 million a year earlier. The exit guide does not state the reason for the wind-down or specify redemption rates or fees; the team says underlying assets remain fully backed. Holders must move tokens from exchanges or platforms such as JustLend, SunSwap, and Curve to a personal Web3 wallet. stUSDT holders must unstake and claim USDT on the official site; wstUSDT holders must unwrap first. After the deadline, requests will be submitted through official customer support and processed in monthly batches through August 2027. Wallets need TRX or ETH for network fees.