Angle Protocol shifting away from EURA and USDA stablecoins towards DeFi incentives platform
March 8, 2026
Angle Protocol has recently announced its decision to discontinue the use of its stablecoins, EURA and USDA. Holders of these stablecoins will have the opportunity to redeem their EURA for EURC and USDA for USDC at a 1:1 exchange rate on the Ethereum platform through the Angle app until March 1, 2027. During this redemption period, users who hold positions in the Vault manager can close their positions and recover their collateral.
Once the redemption period concludes, any remaining reserves will be retrieved and distributed via an airdrop on the Ethereum platform to holders who have not redeemed their stablecoins in proportion to their holdings. The claim period for the airdrop will last for one year, allowing holders to recover their funds within a total of two years.
The Angle Protocol team is currently directing their efforts towards the development of the DeFi incentives platform known as Merkl. This initiative underscores the organization’s commitment to exploring innovative solutions within the decentralized finance ecosystem.
As the process of phasing out EURA and USDA stablecoins progresses, it is essential for users to stay informed and take advantage of the redemption opportunity before the specified deadline. By redeeming their stablecoins at a 1:1 exchange rate, users can transition to EURC and USDC tokens seamlessly and continue to participate in the evolving landscape of digital asset management.
The decision to focus on the development of the DeFi incentives platform, Merkl, highlights Angle Protocol’s strategic vision for the future. By leveraging the capabilities of decentralized finance, the organization aims to create a platform that incentivizes user participation and engagement within the broader cryptocurrency ecosystem.
Overall, the decision to phase out EURA and USDA stablecoins in favor of EURC and USDC demonstrates Angle Protocol’s commitment to adapting to the evolving needs of the digital asset landscape. Through initiatives like the development of the Merkl platform, the organization remains at the forefront of innovation within the decentralized finance space, providing users with access to cutting-edge solutions and opportunities for growth and engagement.
