# Redeem USDT

From the left menu, select **Redemption → USDT**.

Use this feature to swap on-chain PUSD to USDT.

Redemption occurs in **two steps**.

### Step 1: Apply for redemption

<figure><img src="/files/nWm1fJz93Oaoi2EfYDku" alt=""><figcaption></figcaption></figure>

1. Enter the PUSD amount on the left (minimum **10,000 PUSD** per redemption). The right side shows the USDT you will receive. The swap is always at a **1:1** ratio.
2. After entering the amount, click **Approve** below and confirm in your wallet.
3. After the approval succeeds, the button becomes **Confirm**. Click again, confirm in your wallet, and wait for completion. The redemption application is then successful.

### Step 2: T+1 redemption

<figure><img src="/files/JM638NTpSxHrNfPTA4qN" alt=""><figcaption></figcaption></figure>

After the application succeeds, a redemption record appears in the history below with the status **Under Review**.

Wait for **T+1** approval. When the button becomes clickable, click **Claim**, confirm in your wallet, and wait for completion. The USDT redemption is then successful and USDT will be showing in your wallet.


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