Angle Protocol announces the phase-out of its EURA and USDA stablecoin businesses.

The Angle Protocol community has passed proposal AIP-112, agreeing to orderly shut down the EURA and USDA stablecoins during a one-year transition period. Users can use the Angle App to transfer their EURA and USDA from various blockchains back to Ethereum before March 1, 2027, and exchange them for EURC and USDC at a 1:1 ratio. VaultManager positions can be closed and collateral can be retrieved. After the transition period, the protocol will cease operation, and EURA and USDA may become de-pegged. Remaining reserves will be recovered by multisignature and airdropped proportionally to unredeemed holders already on Ethereum via Merkl. Users will have a one-year window to claim the airdrop after it goes live.