Redeem USD by burning RUSD
RUSD is a stablecoin fully backed by US dollars. Redeeming means to get USD in your account by destroying RUSD.
The process burns RUSD on chain from your wallet and moves USD from the reserves to your USD account.
You can redeem RUSD from several networks independently.
This is hold in a traditional bank. You are the owner but not the custodian
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