Neutrl halts NUSD redemptions over reserve concerns

Neutrl has suspended minting, redemptions, and other protocol functions while it assesses an unspecified reserve issue affecting roughly $53.7 million of NUSD in circulation. Summary Neutrl stopped core protocol functions after circumstances affected its reserves. Legal counsel advised the suspension while the team determines the scale of the impact. NUSD continues to trade near $0.998 despite limited secondary-market volume. Neutrl’s reserve dashboard says its financial figures are being recalibrated. Neutrl pauses redemptions during reserve assessment Neutrl said in an Aug. 13 X post that it had temporarily paused minting, redemptions, and other protocol functions following circumstances that affected the protocol’s reserves. Neutrl has temporarily paused minting, redemptions, and other protocol functions following circumstances affecting protocol reserves. These measures have been taken in the interest of our users, after advice from legal counsel, to preserve an orderly process while the impact is…— Neutrl (@Neutrl) August 13, 2026 Acting on advice from legal counsel, the team said it imposed the restrictions to protect users’ interests and maintain an orderly process while ass...