🚨 Universal Shutting Down uAssets: Users Have 60 Days!
Cross-chain protocol Universal has officially announced the winding down of its project. A two-year journey and an ecosystem supporting 80+ assets (including SOL, XRP, and DOGE) are coming to an end — the team admitted that adoption levels weren't sustainable for the long haul.
⏰ Deadline — November 17, 2026. Until then, the protocol will operate as normal, and all uAssets remain 100% backed by underlying assets.
What should holders do right now?
Sell or swap: via the Universal app.
Redeem underlying tokens: through the standard mint-and-redeem interface.
Large volumes: can be arranged individually via contact@universal.xyz.
⚡ What happens AFTER November 17?
Everything remaining in the protocol will be automatically redeemed via smart contracts:
• On the Base network: 6 key uAssets will convert to SOL, cbXRP, cbDOGE, cbADA, cbBTC, and cbLTC.
• All other assets: will be automatically redeemed as USDC.
The team will release the final detailed plan prior to the shutdown.
Cross-chain protocol Universal has officially announced the winding down of its project. A two-year journey and an ecosystem supporting 80+ assets (including SOL, XRP, and DOGE) are coming to an end — the team admitted that adoption levels weren't sustainable for the long haul.
⏰ Deadline — November 17, 2026. Until then, the protocol will operate as normal, and all uAssets remain 100% backed by underlying assets.
What should holders do right now?
Sell or swap: via the Universal app.
Redeem underlying tokens: through the standard mint-and-redeem interface.
Large volumes: can be arranged individually via contact@universal.xyz.
⚡ What happens AFTER November 17?
Everything remaining in the protocol will be automatically redeemed via smart contracts:
• On the Base network: 6 key uAssets will convert to SOL, cbXRP, cbDOGE, cbADA, cbBTC, and cbLTC.
• All other assets: will be automatically redeemed as USDC.
The team will release the final detailed plan prior to the shutdown.