C2C Redemption Process

Here's a step-by-step guide to redeeming USDi through the C2C network.

1. Submit Redemption Request

To initiate a redemption:

• Choose the "Redeem to Cash" option in the C2C network

• Enter your desired redemption amount (e.g., 100,000 USDi)

• Review and confirm the transaction details

• Follow your wallet's process to transfer USDi to the designated collateral account

Your USDi will be held in the collateral account until you confirm receipt of funds.

2. Network Matching

Once your request is submitted:

• The system matches you with available C2C network node operators

• Matched operators will coordinate the delivery location and time

• After receiving cash, scan the operator's QR code

• Submit the operator's wallet address as the fund release address

• Transaction status will update to "Cash Received"

3. Confirmation Process

After confirming cash receipt:

• Our backend system submits the redemption request to the provided wallet address

• Transaction status changes to Redeem Requested

• The operator must verify:

  • The incoming redemption request in their wallet

  • The amount matches their entitled redemption

4. Fund Release

• The USDi held in the collateral account will be released to the node operator within 24 hours of confirmation

Node operators should always verify that the redemption amount matches the cash they provided before confirming the transaction.