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The Angle Protocol community has resolved to orderly shut down the EURA and USDA stablecoins
According to official news, the Angle Protocol community has agreed to orderly shut down the EURA and USDA stablecoins over a one-year transition period through proposal AIP-112.
Users can cross back EURA and USDA from various chains to Ethereum via the Angle App before March 1, 2027, and exchange them for EURC and USDC at a 1:1 ratio. VaultManager positions can be closed to retrieve collateral.
After the transition period ends, the protocol will cease operations, and EURA and USDA may become unpegged; remaining reserves will be reclaimed by multi-signature and airdropped proportionally to unreleased holders on Ethereum through Merkl. Users will have a one-year window to claim after the airdrop goes live.
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