Protocol Wind-Down: uAssets Move to Contract Redemption

Universal · Deadlines · November 17, 2026

Universal, the a16z-backed issuer of wrapped uAssets on Base, ends normal operations on November 17, 2026; after that, remaining uAssets are redeemable only through a smart contract.

Universal is winding down its protocol after two years. Universal issued uAssets, 1:1 backed wrapped versions of SOL, XRP, DOGE and more than 80 other assets, to bring them to new ecosystems such as Base. Adoption did not reach a sustainable scale, so the team announced a 60-day wind-down on September 18, 2026. Until November 17 the protocol runs business as usual: uAssets stay backed, users can sell through the Universal app with relayer liquidity, or redeem directly for the underlying asset (large redemptions via the team). After November 17 the protocol is wound down and remaining uAssets become redeemable only through a smart contract: uSOL, uXRP, uDOGE, uADA, uBTC and uLTC convert into bridged assets on Base, all other uAssets into USDC. Holders who want the native asset should exit before the deadline. Universal raised $9M in a round led by a16z crypto with Coinbase Ventures.

Last verified: · Source: universal.xyz

More events in Deadlines

See all Deadlines