Ethena Labs has announced the redemption plan for USDe token holders, detailing the process on the X platform. Token holders are required to submit a redemption request via an electronic form, providing personal information, the blockchain address holding USDe tokens, and proof of ownership. Acceptable proofs include a wallet interface screenshot, a signed message from the wallet, or an account statement from a custodian. Upon successful KYC/AML review, applicants will receive a confirmation email with the redemption wallet address. Once USDe tokens are transferred to this address, Ethena will promptly issue USDC to the specified payment blockchain address.