[Universal Protocol Announces Shutdown in November 2026] Due to insufficient market adoption, Universal Protocol will cease operations on November 17, 2026. During the 60-day transition period, uAssets will be backed 1:1 by underlying assets, and users can sell or redeem them through the Universal app. After the protocol shuts down, uSOL, uXRP, uDOGE, uADA, uBTC, and uLTC on the Base chain are planned to be exchanged for their corresponding bridged assets via smart contracts, while other uAssets will be converted to USDC. Universal previously completed a $9 million funding round in February last year, led by a16z Crypto with participation from Coinbase Ventures and others.