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Universal Protocol previously built the Universal Protocol Alliance, pioneering cross-chain wrapped tokens, stablecoins, and environmental asset representations. The alliance was dissolved on July 1, 2024, with surviving members citing lack of adoption and the demands of their own businesses as reasons. Holders of UP stablecoins can convert 1:1 to USDC, EURC, PAXG, or BTC (UPUSD→USDC, UPEUR→EURC, UPXAU→PAXG, UPBTC→BTC, BTC0→BTC), while UPC02 may be retained in a non-custodial ERC-20 wallet; support is available at [email protected].
AI named Universal Protocol Alliance in March 2026.