> ## Content Index > Fetch the complete content index at: https://stablecoininsider.org/llms.txt > Use this file to discover other available public pages before exploring further. # Neutrl Opens NUSD and sNUSD Redemptions as On-Chain Rate Reads 0.51 - URL: https://stablecoininsider.org/neutrl-opens-nusd-snusd-redemptions-0-51/ - Published: 2026-09-18T06:53:49.000Z - Updated: 2026-09-18T06:53:49.000Z - Description: Neutrl opened NUSD and sNUSD redemptions on 17 Sep 2026 for USDC through 14 Nov; Strata read on-chain redemptionRate() ā‰ˆ 0.51 after the Aug pause and ~$27M liquid disclosure. - Author: Alexandra - Tags: News, Macro, Stablecoins On September 17, 2026 at about 15:56 UTC, Neutrl opened a dedicated redemption portal for **NUSD** and yield-bearing **sNUSD**, with USDC payouts and burned redeemed balances. Neutrl said the rate is fixed against previously disclosed liquid reserves, with the programme expected to run through **14 November 2026** under operator **Caverna Auctus Inc.** Separately, Strata read on-chain **redemptionRate() ā‰ˆ 0.51** at contract **0xB3f07D3392102fC23264a78e2A1A8B6421123828**. Stablecoin Insider treats this as named-issuer recovery plumbing after the mid-August pause, not a new mint product and not a generic "stablecoin news" roundup. šŸ“Œ As of 17 September 2026: Neutrl Redemption Portal open for NUSD and sNUSD. Payouts in USDC; tokens burned on completion. Expected window through 14 November 2026\. Operator: Caverna Auctus Inc. Strata on-chain read of redemptionRate() ā‰ˆ 0.51 at 0xB3f07D3392102fC23264a78e2A1A8B6421123828. [Neutrl's NUSD Market Launches on Strata: Senior and Junior TranchesPrior SCI coverage of Strata srNUSD and jrNUSD tranches built on Neutrl sNUSD collateral.![](https://stablecoininsider.org/favicon.ico)Stablecoin Insider](https://stablecoininsider.org/neutrls-nusd-market-launches-on-strata/) ### Key Takeaways - Neutrl opened the NUSD and sNUSD redemption portal on 17 September 2026. - Completed redemptions pay USDC and burn the corresponding NUSD or sNUSD. - The expected window runs through 14 November 2026 under Caverna Auctus Inc. - Strata read redemptionRate() ā‰ˆ 0.51 on contract 0xB3f07Dā€¦1123828. - Neutrl disclosed about $27 million liquid assets on 28 August 2026 after the August pause. āš ļø Phishing risk is elevated in recovery windows. Use only Neutrl's official social accounts and the official portal URL before connecting a wallet or signing an on-chain ownership message. Do not trust look-alike domains, DMs, or third-party "helper" links. ## What Neutrl opened on 17 September Per Neutrl's [17 September announcement](https://x.com/Neutrl/status/2100614848241414280) (also summarized by [The Crypto Times](https://www.cryptotimes.io/2026/09/18/neutrl-opens-nusd-snusd-redemptions-as-on-chain-rate-reads-0-51/)), holders may submit redemption requests through the official Neutrl Redemption Portal subject to applicable terms. The flow is connect the wallet that holds NUSD or sNUSD, sign an on-chain message to prove ownership, review the displayed rate and terms, then receive USDC while the redeemed tokens are burned. Neutrl said the redemption contract was reviewed by a third-party security auditor, and that timing, amounts, and recovery outcomes should be treated as estimates that can change. ## On-chain rate: Strata reads 0.51 Strata identified the redemption contract and published a live read on 17 September 2026 at about 20:12 UTC. The contract at **0xB3f07D3392102fC23264a78e2A1A8B6421123828** returned **redemptionRate() = 510000000000000000**, or about **0.51** per token in the units Strata described. Strata framed that figure as the observable reference under the programme, and cautioned that rate, eligibility, and availability are set by Caverna Auctus Inc. and may change. | Fact | Detail | | ----------------------- | ------------------------------------------ | | Portal open | 17 September 2026 ā‰ˆ 15:56 UTC | | Assets | NUSD and sNUSD | | Payout | USDC; redeemed tokens burned | | Expected close | 14 November 2026 (subject to terms) | | Operator | Caverna Auctus Inc. | | On-chain rate read | ā‰ˆ 0.51 (Strata, redemptionRate()) | | Contract | 0xB3f07D3392102fC23264a78e2A1A8B6421123828 | | Prior liquid disclosure | \~$27M liquid (Neutrl, 28 August 2026) | ## Why Strata's Neutrl market matters here Strata's structured yield market for Neutrl is built around senior and junior tranches on staked NUSD collateral, marketed as srNUSD and jrNUSD. At a 0.51 input, Strata said the junior tranche jrNUSD is written down to zero in its Neutrl market, with residual value absorbed by senior srNUSD. That tranche math is a market consequence of the redemption rate, not a separate Neutrl product launch. For background on how those tranches were marketed, see Stablecoin Insider's earlier [Neutrl NUSD market on Strata](https://stablecoininsider.org/neutrls-nusd-market-launches-on-strata/) piece. [Read prior Neutrl Ɨ Strata coverage](https://stablecoininsider.org/neutrls-nusd-market-launches-on-strata/) ## Background: August pause and the $27 million liquid figure The portal follows more than a month of restricted Neutrl activity. In mid-August the protocol paused minting, redemptions, and other functions, describing a strategy-position issue rather than a smart-contract exploit. On 28 August 2026 Neutrl said it held about **$27 million in available liquid assets**, plus additional strategy positions that were "not presently liquid," and that recoverable value and timing for the illiquid book were unconfirmed. Earlier dashboard or research readings of a much larger prior book (including pre-pause on-chain research cited by The Crypto Times) are not a live NAV for this redemption window. ## What is confirmed, and what is not Confirmed by Neutrl's announcement: portal open, USDC payouts, token burns, fixed rate vs previously disclosed liquid reserves, expected close 14 November 2026, and on-chain ownership proof before details display. Not published as a headline recovery percentage in that announcement: any waiver requirement, and any guarantee that later recovery from illiquid positions will lift the rate for holders who redeem in this window. Holders will see the applicable rate at submission. Both Neutrl and Strata have said that value may change. **Stablecoin Insider's take:** treat 0.51 as an observable contract reading tied to the disclosed liquid slice, not a promise of full-book recovery. Operators with NUSD, sNUSD, or Strata tranche exposure should verify the official portal, read the live rate before signing, and size decisions to the illiquid remainder Neutrl still has not timed. Need the prior Strata tranche context on Neutrl NUSD? [Open Neutrl Ɨ Strata post ](https://stablecoininsider.org/neutrls-nusd-market-launches-on-strata/) ## What operators should do next Verify Neutrl's official portal URL from Neutrl's own accounts before connecting a wallet. Re-read the live redemptionRate() and portal terms at submission time, not a third-party screenshot. If you hold srNUSD or jrNUSD, map exposure to Strata's write-down notes at 0.51 rather than assuming NUSD face value. Do not invent Arc mainnet or Upbit listing angles into this story. Those are separate same-week objects already covered on Stablecoin Insider. --- ## FAQ #### When did Neutrl open NUSD and sNUSD redemptions? On 17 September 2026 at about 15:56 UTC, Neutrl opened a dedicated redemption portal for NUSD and sNUSD holders. #### What do redeeming holders receive? USDC. Neutrl said completed redemptions burn the corresponding NUSD or sNUSD balance. #### How long is the redemption window open? Neutrl said the programme is expected to remain open until 14 November 2026, subject to terms set by operator Caverna Auctus Inc. #### What on-chain redemption rate did Strata publish? Strata read redemptionRate() ā‰ˆ 0.51 at contract `0xB3f07D3392102fC23264a78e2A1A8B6421123828` on 17 September 2026\. The rate may change. #### How does this relate to Neutrl's $27 million liquid disclosure? On 28 August 2026 Neutrl disclosed about $27 million in available liquid assets after the mid-August pause. Third-party observers treat the \~0.51 contract reading as broadly consistent with that liquid slice versus a larger prior book, not as a guarantee of full recovery. #### How should holders avoid phishing? Use only Neutrl's official social accounts and official portal URL before connecting a wallet or signing an ownership message. Recovery episodes attract look-alike domains and cloned front ends. --- **Disclaimer:** This content is provided for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice; no material herein should be interpreted as a recommendation, endorsement, or solicitation to buy or sell any financial instrument, and readers should conduct their own independent research or consult a qualified professional.