> For the complete documentation index, see [llms.txt](https://docs.realfi.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.realfi.co/frequently-asked-questions/how-can-i-redeem-usdrf.md).

# How can I redeem USDrf?

Whitelisted institutional participants may redeem USDrf through the direct mint-and-redeem interface. The process follows a human-approved, first-in-first-out queue, subject to daily and monthly throttle limits designed to protect reserve liquidity. Redemption timing depends on queue position and reserve composition and is not guaranteed within any specific window.

Retail users may exit USDrf by trading on supported decentralized exchanges. The protocol does not guarantee the availability, depth, or price of secondary market liquidity. The price at which a retail user can exit may differ from the target value of USDrf.