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Burn / Redeem USDF

Member redeems USDF back to USD. USDF is burned by FTHUSD on-chain. USD settles to member's TCB account.

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Member Cash Out Flow

  1. 1
    Member Redemption Request

    Member USDF balance and wallet verified

  2. 2
    AML/Sanctions Screening

    OFAC/SDN check on redeeming member

  3. 3
    On-Chain Token Burn

    USDF sent to FTHUSD issuer and permanently burned

  4. 4
    USD Settlement to Member

    USD transferred: FTHUSD TCB → Member TCB account

  5. 5
    Audit Trail Recorded

    Immutable compliance record created

How It Works

1
Member Redeems USDF
USDF transfers from member wallet to FTHUSD issuer and is permanently burned on-chain
2
USD Settlement
FTHUSD initiates wire transfer from FTHUSD TCB account to member's TCB account (1-2 business days)
3
Balance Updated
Member USDF balance decreases, USD TCB balance increases by redeemed amount

Important

Burned tokens are permanently destroyed. USD settlement is wired to the verified bank account on file. Settlement completes within 1-2 business days via Texas Capital Bank.

Settlement Details

Source Chain
XRP Ledger
Issuer
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Banking Rail
Texas Capital Bank
Settlement
ACH / Fed Wire · 1-2 Business Days
Regulatory
FinCEN MSB · State MTL · SEC Exempt