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
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.
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