Redeem

Customers holding FUSD can redeem it for USDT. FinChain offers two redemption methods: "Universal Redemption" and "Instant Redemption".

Universal Redemption

The universal redemption process for FUSD is as follows:

1

KYC/KYB

Complete the ID verification and all account settings. Upgrade your wallet address as a FinPass ID (if needed).

2

Request to Redeem

Create a redemption order and completes the FUSD payment.

3

Burn FUSD

FinChain burns an equivalent amount of FUSD.

4

Redeem Completed

Return the equivalent amount of USDT to the customer (after deducting fees).

Redemption is typically completed within 1 business day, but may take up to 3 business days (UTC+8). Redemption may incur fees.

Instant Redemption

FinChain also offers instant redemption of FUSD → USDT, typically completed within hours. However, liquidity is limited and depends on the reserves and processing capacity of the liquidity pool.

Customers do not need to make a selection when initiating minting; we will prioritize instant redemption services for customers when conditions permit. See the order status for details.