PANews
PANews|Sep 20, 2026 01:19
[Cross-Chain Asset Protocol Universal Announces Gradual Shutdown, Users Can Redeem Assets Within 60 Days, Official Closure on November 17] The cross-chain asset protocol Universal has announced its decision to gradually shut down due to the adoption scale over the past two years not reaching the level required for the long-term maintenance of the protocol. The protocol will continue normal operations for 60 days until November 17, and the underlying asset support for existing infrastructure and uAssets will remain unaffected. During the shutdown period, users can sell uAssets through the Universal app or directly exchange them for underlying assets via the minting and redemption interface. For large redemptions, users can contact the team for assistance.
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