stUSDT is winding down its yield-bearing stablecoin receipt token and its wrapped version, wstUSDT. Rebase rewards will end on Nov. 14, 2026, and holders will have until May 14, 2027 to redeem tokens through the website.
The protocol's verified X account announced the discontinuation and said the redemption window would open Nov. 14. The unwinding guide says the portal will close at 7:59 p.m. ET on May 14, 2027. After the deadline, redemption requests must be submitted through customer support and will be processed in monthly batches through August 2027.
DefiLlama showed total value locked of about $9.49 million on Nov. 14, almost all of it on Tron. That compares with $60.28 million on Nov. 14, 2025.
The platform operates on Tron and Ethereum. Its website describes stUSDT as a receipt token for stablecoin deposits used in real-world-asset investments, with a strategy targeting highly rated, short-term government bonds. According to JustLend's product documentation, rewards were distributed by increasing holders' stUSDT balances through a process called rebasing.
The shutdown guide gives no reason for the unwinding and does not specify a redemption rate or fee schedule. The team said that “all underlying assets remain fully backed.”
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View post on XHow Holders Can Redeem
The guide advises users holding tokens on exchanges or in platforms such as JustLend, SunSwap or Curve to withdraw them to a personal Web3 wallet first. It says exchanges, wallets and DeFi protocols will gradually discontinue support.
For stUSDT, the guide lists these steps:
- Open the official redemption portal, connect a wallet and navigate to the Stake page.
- Select Unstake, choose the appropriate network, enter the amount and confirm the transaction in the wallet.
- Click Claim to receive USDT. Submitting an unstaking transaction by itself does not complete the payout.
For wstUSDT, holders must first visit the Wrap page, select Unwrap, enter the amount and confirm the transaction. After receiving stUSDT, they can follow the unstake-and-claim steps above.
Wallets need sufficient TRX or ETH to cover network fees. The team directs users who need assistance to its official Telegram support group and warns that it will never initiate a direct message or ask for private keys or recovery phrases.
Missing the May deadline does not immediately end the stated redemption route: support will accept requests for monthly processing through August 2027. The guide does not explain how requests will be handled after August.
