# 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="https://217962626-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtBZ74QEzHbSbwx0W0nBo%2Fuploads%2FMrbElvalVtDkrm4y2ei5%2Fimage.png?alt=media&#x26;token=82829c6c-a23d-44b8-bca0-c01913f715a1" 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="https://217962626-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtBZ74QEzHbSbwx0W0nBo%2Fuploads%2FXBcWkzhTTxEcI1MP4iXe%2Fimage.png?alt=media&#x26;token=d213d255-7d22-4d58-822e-7ca5f466adb4" 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.