After initiating a redemption, you will see a table on the TrueUSD app dashboard labeled "Redemptions." The transaction status is displayed in the rightmost column.
Explanations for each status are as follows:
- Received: TrueUSD has been received by the TrueUSD smart contract; our fiduciary partners have been notified and will process the redemption within 1-2 business days.
- Wire Queued: Our fiduciary partners have queued your wire; the wire will be sent out shortly.
- Completed: Our fiduciary partners have sent out a wire for the corresponding amount of TrueUSD redeemed.