{ "schema_version": "1.0", "generated_at": "2026-09-26T00:00:00.000Z", "registry_version": "feat/sofiusd-mastercard-settlement-20260926", "checkpoint_id": "sog_sofiusd_mastercard_settlement_144_2026_09_26", "totals": { "assets": 144, "organizations": 124, "relationships": 156, "events": 224, "evidence": 647, "reserve_reports": 131, "known_unknowns": 381, "regulatory_notes": 9, "deployments": 216, "market_access_records": 17, "legal_profiles": 144, "stable_asset_relationships": 5, "reserve_components": 181, "income_profiles": 144 }, "lifecycle": { "groups": { "constrained": { "count": 17, "percentage": 11.81 }, "failed": { "count": 6, "percentage": 4.17 }, "historical_non_failure": { "count": 8, "percentage": 5.56 }, "operating": { "count": 110, "percentage": 76.39 }, "other": { "count": 3, "percentage": 2.08 } }, "statuses": { "active": { "count": 110, "percentage": 76.39 }, "collapsed": { "count": 6, "percentage": 4.17 }, "inactive": { "count": 2, "percentage": 1.39 }, "migrated": { "count": 2, "percentage": 1.39 }, "rebranded": { "count": 1, "percentage": 0.69 }, "restricted": { "count": 14, "percentage": 9.72 }, "terminated": { "count": 3, "percentage": 2.08 }, "unknown": { "count": 3, "percentage": 2.08 }, "winding_down": { "count": 3, "percentage": 2.08 } }, "transitions": { "migrations": 2, "rebrands": 1, "orderly_wind_downs": 3, "terminations": 3, "inactive_unresolved": 2, "collapses": 6 }, "group_definitions": { "operating": [ "active" ], "constrained": [ "restricted", "suspended", "winding_down" ], "historical_non_failure": [ "inactive", "terminated", "migrated", "rebranded" ], "failed": [ "collapsed" ], "other": [ "announced", "unknown" ] } }, "classification": { "asset_class": { "experimental_stabilization_asset": { "count": 1, "percentage": 0.69 }, "stable_value_asset": { "count": 6, "percentage": 4.17 }, "stablecoin": { "count": 131, "percentage": 90.97 }, "tokenized_commodity": { "count": 2, "percentage": 1.39 }, "yield_bearing_stable_receipt": { "count": 4, "percentage": 2.78 } }, "reference_target": { "commodity": { "count": 2, "percentage": 1.39 }, "fiat": { "count": 139, "percentage": 96.53 }, "floating": { "count": 1, "percentage": 0.69 }, "index": { "count": 2, "percentage": 1.39 } }, "fiat_currency": { "AED": { "count": 1, "percentage": 0.72 }, "AUD": { "count": 1, "percentage": 0.72 }, "BRL": { "count": 1, "percentage": 0.72 }, "CAD": { "count": 1, "percentage": 0.72 }, "CHF": { "count": 2, "percentage": 1.44 }, "EUR": { "count": 14, "percentage": 10.07 }, "GBP": { "count": 2, "percentage": 1.44 }, "HKD": { "count": 1, "percentage": 0.72 }, "IDR": { "count": 1, "percentage": 0.72 }, "JPY": { "count": 4, "percentage": 2.88 }, "NGN": { "count": 1, "percentage": 0.72 }, "NZD": { "count": 1, "percentage": 0.72 }, "PHP": { "count": 1, "percentage": 0.72 }, "PLN": { "count": 1, "percentage": 0.72 }, "SEK": { "count": 1, "percentage": 0.72 }, "SGD": { "count": 1, "percentage": 0.72 }, "TRY": { "count": 1, "percentage": 0.72 }, "USD": { "count": 103, "percentage": 74.1 }, "ZAR": { "count": 1, "percentage": 0.72 } }, "backing_type": { "bank_deposits": { "count": 26, "percentage": 18.06 }, "cash": { "count": 42, "percentage": 29.17 }, "cash_equivalents": { "count": 2, "percentage": 1.39 }, "commodity": { "count": 3, "percentage": 2.08 }, "crypto_asset": { "count": 5, "percentage": 3.47 }, "crypto_collateral": { "count": 31, "percentage": 21.53 }, "government_securities": { "count": 26, "percentage": 18.06 }, "mixed": { "count": 38, "percentage": 26.39 }, "other": { "count": 14, "percentage": 9.72 }, "private_credit": { "count": 2, "percentage": 1.39 }, "receivables": { "count": 1, "percentage": 0.69 }, "secured_loans": { "count": 1, "percentage": 0.69 }, "stablecoin_collateral": { "count": 32, "percentage": 22.22 }, "tokenized_fund": { "count": 12, "percentage": 8.33 }, "treasuries": { "count": 2, "percentage": 1.39 }, "unbacked": { "count": 5, "percentage": 3.47 }, "unknown": { "count": 12, "percentage": 8.33 } }, "stabilization_mechanism": { "algorithmic_supply": { "count": 5, "percentage": 3.47 }, "delta_neutral": { "count": 2, "percentage": 1.39 }, "fund_share_valuation": { "count": 2, "percentage": 1.39 }, "hybrid": { "count": 23, "percentage": 15.97 }, "issuer_redemption": { "count": 71, "percentage": 49.31 }, "overcollateralized_vault": { "count": 16, "percentage": 11.11 }, "protocol_arbitrage": { "count": 9, "percentage": 6.25 }, "protocol_mint_burn_against_usdc": { "count": 5, "percentage": 3.47 }, "rebasing_or_repricing": { "count": 2, "percentage": 1.39 }, "reserve_backed": { "count": 1, "percentage": 0.69 }, "unknown": { "count": 8, "percentage": 5.56 } }, "governance_model": { "centralized": { "count": 80, "percentage": 55.56 }, "dao_governed": { "count": 27, "percentage": 18.75 }, "hybrid": { "count": 6, "percentage": 4.17 }, "protocol": { "count": 5, "percentage": 3.47 }, "protocol_governed": { "count": 26, "percentage": 18.06 } }, "legal_classification": { "e_money_token": { "count": 15, "percentage": 10.42 }, "fiat_backed_stablecoin": { "count": 43, "percentage": 29.86 }, "fund_share": { "count": 1, "percentage": 0.69 }, "protocol_asset": { "count": 45, "percentage": 31.25 }, "security_token": { "count": 1, "percentage": 0.69 }, "unclassified": { "count": 39, "percentage": 27.08 }, "unknown": { "count": 1, "percentage": 0.69 } } }, "issuance": { "status": { "active": { "count": 10, "percentage": 6.94 }, "open": { "count": 7, "percentage": 4.86 }, "paused": { "count": 2, "percentage": 1.39 }, "protocol_based": { "count": 36, "percentage": 25 }, "restricted": { "count": 66, "percentage": 45.83 }, "terminated": { "count": 17, "percentage": 11.81 }, "unknown": { "count": 6, "percentage": 4.17 } } }, "redemption": { "status": { "active": { "count": 1, "percentage": 0.69 }, "eligible_customers_only": { "count": 44, "percentage": 30.56 }, "institutional_only": { "count": 9, "percentage": 6.25 }, "not_applicable": { "count": 1, "percentage": 0.69 }, "protocol_based": { "count": 36, "percentage": 25 }, "protocol_exit": { "count": 5, "percentage": 3.47 }, "public_direct": { "count": 1, "percentage": 0.69 }, "restricted": { "count": 18, "percentage": 12.5 }, "supported_product_flows": { "count": 1, "percentage": 0.69 }, "suspended": { "count": 2, "percentage": 1.39 }, "terminated": { "count": 11, "percentage": 7.64 }, "unknown": { "count": 15, "percentage": 10.42 } }, "retail_access": { "A direct JPY fiat-redemption right, legal redemption obligor, eligibility rules, fees, minimums and settlement timing are not established. BTSE's exchange withdrawal window through 2026-10-20 is a custody/exchange exit path, not evidence of issuer redemption.": { "count": 1, "percentage": 0.69 }, "authorized_agent_based": { "count": 1, "percentage": 0.69 }, "availability_dependent": { "count": 1, "percentage": 0.69 }, "Available to eligible customers; unrestricted public eligibility is not inferred.": { "count": 1, "percentage": 0.69 }, "available_in_eligible_regions": { "count": 1, "percentage": 0.69 }, "available_subject_to_onboarding": { "count": 1, "percentage": 0.69 }, "available_subject_to_paxos_terms": { "count": 1, "percentage": 0.69 }, "available_subject_to_verification": { "count": 1, "percentage": 0.69 }, "available_through_gemini_terms": { "count": 1, "percentage": 0.69 }, "available_through_paypal_terms": { "count": 1, "percentage": 0.69 }, "available_to_verified_brale_users": { "count": 1, "percentage": 0.69 }, "available_within_deel_platform": { "count": 1, "percentage": 0.69 }, "Broader unrestricted retail access is not established during the reviewed Beta Access period.": { "count": 1, "percentage": 0.69 }, "Consumer distribution may occur through Western Union channels, but unrestricted direct issuer redemption for every holder is not inferred.": { "count": 1, "percentage": 0.69 }, "customer_account_and_identity_verification_required": { "count": 1, "percentage": 0.69 }, "eligible_customers_and_partner_routes": { "count": 2, "percentage": 1.39 }, "eligible_customers_only": { "count": 6, "percentage": 4.17 }, "eligible_customers_only_during_wind_down": { "count": 1, "percentage": 0.69 }, "eligible_non_us_investors_only": { "count": 1, "percentage": 0.69 }, "eligible_platform_customers_only": { "count": 1, "percentage": 0.69 }, "failed_historical_protocol": { "count": 1, "percentage": 0.69 }, "historical_contract_only": { "count": 1, "percentage": 0.69 }, "historical_final_redemption": { "count": 1, "percentage": 0.69 }, "historical_program_based": { "count": 1, "percentage": 0.69 }, "historical_protocol_based": { "count": 2, "percentage": 1.39 }, "indirect_or_source_review_needed": { "count": 1, "percentage": 0.69 }, "indirect_via_partners": { "count": 1, "percentage": 0.69 }, "issuer_account_and_wallet_iban": { "count": 1, "percentage": 0.69 }, "legacy_contract_or_withdrawal_route": { "count": 1, "percentage": 0.69 }, "legacy_protocol_route": { "count": 1, "percentage": 0.69 }, "limited_or_indirect": { "count": 1, "percentage": 0.69 }, "market_based": { "count": 3, "percentage": 2.08 }, "market_based_during_migration": { "count": 1, "percentage": 0.69 }, "market_based_or_future_snapshot_claim": { "count": 1, "percentage": 0.69 }, "market_based_or_partner_access": { "count": 1, "percentage": 0.69 }, "market_based_unless_approved": { "count": 4, "percentage": 2.78 }, "market_or_indirect_protocol_based": { "count": 1, "percentage": 0.69 }, "market_or_protocol_based": { "count": 1, "percentage": 0.69 }, "market_or_protocol_route_dependent": { "count": 1, "percentage": 0.69 }, "MoneyGram states customers can hold MGUSD and convert value into local currency through supported services, but this does not establish unrestricted direct issuer redemption.": { "count": 1, "percentage": 0.69 }, "No direct issuer redemption right without MNEE customer verification and an account with MNEE.": { "count": 1, "percentage": 0.69 }, "No direct retail issuance or redemption channel is established in the reviewed public sources.": { "count": 2, "percentage": 1.39 }, "No unrestricted direct retail redemption right is established by the reviewed launch source.": { "count": 1, "percentage": 0.69 }, "not available under reviewed Professional Client issuance scope": { "count": 1, "percentage": 0.69 }, "not established": { "count": 2, "percentage": 1.39 }, "not_available": { "count": 5, "percentage": 3.47 }, "not_direct_from_issuer": { "count": 1, "percentage": 0.69 }, "not_public_retail_flow": { "count": 2, "percentage": 1.39 }, "onboarding_or_market_dependent": { "count": 1, "percentage": 0.69 }, "onboarding_required": { "count": 1, "percentage": 0.69 }, "partner_or_market_based": { "count": 1, "percentage": 0.69 }, "phased_eligible_customer_access": { "count": 1, "percentage": 0.69 }, "platform_conversion_described_current_scope_under_review": { "count": 1, "percentage": 0.69 }, "protocol access subject to Canton interfaces": { "count": 1, "percentage": 0.69 }, "protocol access subject to supported interfaces": { "count": 4, "percentage": 2.78 }, "protocol_based": { "count": 3, "percentage": 2.08 }, "protocol_based_subject_to_access": { "count": 6, "percentage": 4.17 }, "protocol_based_subject_to_chain_and_module": { "count": 1, "percentage": 0.69 }, "protocol_based_subject_to_interface_access": { "count": 1, "percentage": 0.69 }, "protocol_based_subject_to_restrictions": { "count": 1, "percentage": 0.69 }, "protocol_bridge_available": { "count": 1, "percentage": 0.69 }, "protocol_direct_subject_to_access": { "count": 1, "percentage": 0.69 }, "protocol_or_app_based": { "count": 1, "percentage": 0.69 }, "protocol_or_market_based": { "count": 6, "percentage": 4.17 }, "public_protocol_based": { "count": 8, "percentage": 5.56 }, "public_protocol_based_subject_to_jurisdiction": { "count": 1, "percentage": 0.69 }, "public_protocol_exchange": { "count": 1, "percentage": 0.69 }, "public_protocol_or_market_based": { "count": 6, "percentage": 4.17 }, "registered_account_required": { "count": 1, "percentage": 0.69 }, "restricted_by_quantity_and_jurisdiction": { "count": 1, "percentage": 0.69 }, "restricted_protocol_access": { "count": 2, "percentage": 1.39 }, "restricted_to_bridge_approved_customer_flows": { "count": 1, "percentage": 0.69 }, "secondary_market_or_cdd_subject_to_issuer": { "count": 1, "percentage": 0.69 }, "source_review_needed": { "count": 5, "percentage": 3.47 }, "statutory_holder_right_operational_channel_subject_to_terms": { "count": 4, "percentage": 2.78 }, "supported_route_dependent": { "count": 1, "percentage": 0.69 }, "terminated": { "count": 1, "percentage": 0.69 }, "through_approved_licensed_partners": { "count": 1, "percentage": 0.69 }, "unavailable": { "count": 1, "percentage": 0.69 }, "unknown": { "count": 8, "percentage": 5.56 }, "unknown_or_unavailable": { "count": 1, "percentage": 0.69 }, "verified_loon_users": { "count": 1, "percentage": 0.69 }, "verified_platform_users": { "count": 1, "percentage": 0.69 } }, "institutional_access": { "approved_counterparty_direct": { "count": 1, "percentage": 0.69 }, "approved_customer_direct": { "count": 1, "percentage": 0.69 }, "approved_institutional_direct": { "count": 1, "percentage": 0.69 }, "approved_minter_protocol_route": { "count": 1, "percentage": 0.69 }, "approved_participant_direct": { "count": 7, "percentage": 4.86 }, "approved_partner_direct": { "count": 1, "percentage": 0.69 }, "approved_zarp_partners": { "count": 1, "percentage": 0.69 }, "availability_dependent": { "count": 1, "percentage": 0.69 }, "Available subject to MNEE customer onboarding, company and beneficial-owner review where applicable, compliance screening, and current terms.": { "count": 1, "percentage": 0.69 }, "Available to approved institutional partners through the Bison workflow subject to current compliance and allowlist controls.": { "count": 2, "percentage": 1.39 }, "Available to eligible Beta Access participants; Anchorpoint states 1 HKDAP is redeemable for HKD 1.00.": { "count": 1, "percentage": 0.69 }, "Available to eligible institutional customers under applicable terms.": { "count": 1, "percentage": 0.69 }, "available_subject_to_allunity_onboarding": { "count": 2, "percentage": 1.39 }, "available_subject_to_bridge_eligibility": { "count": 1, "percentage": 0.69 }, "available_subject_to_client_requirements": { "count": 1, "percentage": 0.69 }, "available_subject_to_onboarding": { "count": 1, "percentage": 0.69 }, "available_subject_to_paxos_terms": { "count": 3, "percentage": 2.08 }, "available_subject_to_quantoz_onboarding": { "count": 2, "percentage": 1.39 }, "available_subject_to_terms": { "count": 3, "percentage": 2.08 }, "available_subject_to_verification": { "count": 1, "percentage": 0.69 }, "available_through_circle_mint_subject_to_terms": { "count": 2, "percentage": 1.39 }, "available_through_gemini_terms": { "count": 1, "percentage": 0.69 }, "available_to_eligible_professional_clients": { "count": 1, "percentage": 0.69 }, "available_to_verified_brale_users": { "count": 1, "percentage": 0.69 }, "business_and_institutional_partner_onboarding": { "count": 1, "percentage": 0.69 }, "business_platform_access_subject_to_onboarding": { "count": 1, "percentage": 0.69 }, "direct_issuer_after_onboarding": { "count": 1, "percentage": 0.69 }, "direct_issuer_and_partner_routes": { "count": 2, "percentage": 1.39 }, "direct_or_partner_redemption": { "count": 1, "percentage": 0.69 }, "direct_primary_market_subject_to_eligibility": { "count": 1, "percentage": 0.69 }, "Eligible U.S. business availability is established, but direct issuer-redemption mechanics are not.": { "count": 1, "percentage": 0.69 }, "eligible_customer_direct_or_instant_liquidity": { "count": 1, "percentage": 0.69 }, "eligible_customers_only": { "count": 5, "percentage": 3.47 }, "eligible_customers_only_during_wind_down": { "count": 1, "percentage": 0.69 }, "eligible_non_us_institutions_only": { "count": 1, "percentage": 0.69 }, "eligible_non_us_investors_only": { "count": 1, "percentage": 0.69 }, "eligible_paxos_customers_direct": { "count": 1, "percentage": 0.69 }, "eligible_platform_customers_only": { "count": 1, "percentage": 0.69 }, "failed_historical_protocol": { "count": 1, "percentage": 0.69 }, "historical_contract_only": { "count": 1, "percentage": 0.69 }, "historical_final_redemption": { "count": 1, "percentage": 0.69 }, "historical_program_based": { "count": 1, "percentage": 0.69 }, "historical_protocol_based": { "count": 2, "percentage": 1.39 }, "institutional settlement proof-of-concept context only": { "count": 1, "percentage": 0.69 }, "institutional_program_access": { "count": 1, "percentage": 0.69 }, "issuer_and_agent_based": { "count": 1, "percentage": 0.69 }, "issuer_api_and_wallet_iban": { "count": 1, "percentage": 0.69 }, "issuer_platform_terminated": { "count": 1, "percentage": 0.69 }, "Issuer-side access is subject to Anchorage onboarding, compliance and program terms.": { "count": 1, "percentage": 0.69 }, "Issuer/customer access is subject to CACEIS onboarding and current EMT terms.": { "count": 1, "percentage": 0.69 }, "legacy_contract_or_withdrawal_route": { "count": 1, "percentage": 0.69 }, "legacy_protocol_route": { "count": 1, "percentage": 0.69 }, "market_based_or_future_snapshot_claim": { "count": 1, "percentage": 0.69 }, "market_or_protocol_based": { "count": 1, "percentage": 0.69 }, "not established": { "count": 2, "percentage": 1.39 }, "not established in the reviewed launch source": { "count": 1, "percentage": 0.69 }, "not established in the reviewed public record": { "count": 1, "percentage": 0.69 }, "not_available": { "count": 4, "percentage": 2.78 }, "not_separately_documented": { "count": 1, "percentage": 0.69 }, "onboarding_or_partner_api": { "count": 1, "percentage": 0.69 }, "protocol access subject to Canton interfaces": { "count": 1, "percentage": 0.69 }, "protocol access subject to supported interfaces": { "count": 4, "percentage": 2.78 }, "protocol_based": { "count": 3, "percentage": 2.08 }, "protocol_based_subject_to_access": { "count": 6, "percentage": 4.17 }, "protocol_based_subject_to_chain_and_module": { "count": 1, "percentage": 0.69 }, "protocol_based_subject_to_restrictions": { "count": 1, "percentage": 0.69 }, "protocol_bridge_available": { "count": 1, "percentage": 0.69 }, "protocol_direct_subject_to_access": { "count": 1, "percentage": 0.69 }, "protocol_or_app_based": { "count": 1, "percentage": 0.69 }, "protocol_or_cedefi_route_dependent": { "count": 1, "percentage": 0.69 }, "protocol_or_market_based": { "count": 4, "percentage": 2.78 }, "protocol_or_partner_based": { "count": 1, "percentage": 0.69 }, "public_protocol_based": { "count": 7, "percentage": 4.86 }, "public_protocol_based_subject_to_jurisdiction": { "count": 1, "percentage": 0.69 }, "public_protocol_exchange": { "count": 1, "percentage": 0.69 }, "public_protocol_or_integrator_based": { "count": 1, "percentage": 0.69 }, "public_protocol_or_market_based": { "count": 5, "percentage": 3.47 }, "registered_account_required": { "count": 1, "percentage": 0.69 }, "restricted_protocol_access": { "count": 2, "percentage": 1.39 }, "source_review_needed": { "count": 3, "percentage": 2.08 }, "stablr_account_and_api_flow_currently_suspended": { "count": 2, "percentage": 1.39 }, "subject_to_protocol_terms": { "count": 1, "percentage": 0.69 }, "terminated": { "count": 1, "percentage": 0.69 }, "unavailable": { "count": 1, "percentage": 0.69 }, "unknown": { "count": 8, "percentage": 5.56 }, "unknown_or_unavailable": { "count": 1, "percentage": 0.69 } }, "minimum_amount_knowledge": { "recorded": { "count": 123, "percentage": 85.42 }, "unknown": { "count": 21, "percentage": 14.58 } }, "jurisdiction_restrictions": { "none_recorded": { "count": 22, "percentage": 15.28 }, "recorded": { "count": 122, "percentage": 84.72 } }, "holder_claim_type": { "beneficial_interest_in_reserve": { "count": 1, "percentage": 0.69 }, "contractual_conversion_right": { "count": 10, "percentage": 6.94 }, "direct_claim_on_bank": { "count": 4, "percentage": 2.78 }, "direct_claim_on_issuer": { "count": 39, "percentage": 27.08 }, "fund_share_claim": { "count": 1, "percentage": 0.69 }, "no_direct_claim": { "count": 9, "percentage": 6.25 }, "protocol_redemption_right": { "count": 35, "percentage": 24.31 }, "unclear": { "count": 15, "percentage": 10.42 }, "unknown": { "count": 30, "percentage": 20.83 } } }, "yield": { "availability": { "native": { "count": 13, "percentage": 9.03 }, "none": { "count": 115, "percentage": 79.86 }, "unknown": { "count": 4, "percentage": 2.78 }, "via_wrapper": { "count": 12, "percentage": 8.33 } }, "source": { "derivatives_funding": { "count": 1, "percentage": 0.69 }, "lending": { "count": 2, "percentage": 1.39 }, "mixed": { "count": 6, "percentage": 4.17 }, "none": { "count": 115, "percentage": 79.86 }, "protocol_incentives": { "count": 3, "percentage": 2.08 }, "reserve_income": { "count": 14, "percentage": 9.72 }, "unknown": { "count": 3, "percentage": 2.08 } }, "accrual": { "balance_rebase": { "count": 6, "percentage": 4.17 }, "exchange_rate_increase": { "count": 6, "percentage": 4.17 }, "external_distribution": { "count": 1, "percentage": 0.69 }, "none": { "count": 115, "percentage": 79.86 }, "protocol_position": { "count": 1, "percentage": 0.69 }, "unknown": { "count": 3, "percentage": 2.08 }, "wrapper_value_increase": { "count": 12, "percentage": 8.33 } }, "rate_type": { "none": { "count": 115, "percentage": 79.86 }, "protocol_determined": { "count": 7, "percentage": 4.86 }, "unknown": { "count": 4, "percentage": 2.78 }, "variable": { "count": 18, "percentage": 12.5 } } }, "events": { "by_year": { "2018": { "total": 7, "event_types": { "launch": 4, "launched": 1, "predecessor_trial_lifecycle": 1, "rebrand": 1 } }, "2019": { "total": 5, "event_types": { "launch": 3, "migration": 1, "protocol_transition": 1 } }, "2020": { "total": 10, "event_types": { "launch": 7, "mainnet_availability_report": 1, "market_stress_liquidation_event": 1, "production_security_program_start": 1 } }, "2021": { "total": 20, "event_types": { "announcement": 1, "depeg": 1, "launch": 12, "launched": 1, "liquidity_incentive_start": 1, "protocol_launch_or_lifecycle_context": 1, "protocol_upgrade": 1, "regulatory_action": 1, "regulatory_settlement": 1 } }, "2022": { "total": 26, "event_types": { "chain_halt_context": 1, "collapse": 1, "depeg": 2, "erroneous_mint_incident": 1, "exploit": 1, "launch": 10, "protocol_exploit": 1, "protocol_model_update": 2, "protocol_upgrade": 1, "protocol_upgrade_announced": 1, "recovery": 1, "reserve_intervention_context": 1, "shutdown_effective": 2, "wind_down_and_final_redemption": 1 } }, "2023": { "total": 19, "event_types": { "depeg_recovery_context": 1, "exchange_adoption_context": 1, "exchange_phaseout": 1, "launch": 9, "launch_or_issuer_context": 1, "launched": 1, "major_depeg": 1, "rebrand_and_classification_change": 1, "regulatory_action": 1, "token_migration": 1, "wind_down_announced": 1 } }, "2024": { "total": 27, "event_types": { "chain_expansion": 1, "governance_change_proposed": 1, "launch": 15, "launched": 1, "mainnet_availability_report": 1, "migration": 1, "network_launch": 1, "protocol_upgrade": 1, "rebrand": 2, "rebrand_or_lifecycle_transition": 1, "regulatory_action": 1, "reserve_change": 1 } }, "2025": { "total": 33, "event_types": { "acquired": 1, "announcement": 1, "chain_expansion": 1, "issuer_transition": 2, "launch": 14, "migration": 1, "protocol_exploit": 1, 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"percentage": 45.54 }, "launch_or_issuer_context": { "count": 2, "percentage": 0.89 }, "launched": { "count": 5, "percentage": 2.23 }, "liquidity_incentive_start": { "count": 1, "percentage": 0.45 }, "mainnet_availability_report": { "count": 3, "percentage": 1.34 }, "major_depeg": { "count": 2, "percentage": 0.89 }, "market_stress_liquidation_event": { "count": 1, "percentage": 0.45 }, "migration": { "count": 4, "percentage": 1.79 }, "network_launch": { "count": 1, "percentage": 0.45 }, "other": { "count": 3, "percentage": 1.34 }, "payment_settlement_launch": { "count": 1, "percentage": 0.45 }, "peg_failure": { "count": 2, "percentage": 0.89 }, "peg_failure_and_protocol_supersession": { "count": 1, "percentage": 0.45 }, "predecessor_trial_lifecycle": { "count": 1, "percentage": 0.45 }, "production_security_program_start": { "count": 1, "percentage": 0.45 }, "protocol_exploit": { "count": 2, "percentage": 0.89 }, "protocol_launch_or_lifecycle_context": { "count": 1, "percentage": 0.45 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"count": 1, "percentage": 0.45 }, "security_incident": { "count": 4, "percentage": 1.79 }, "security_incident_update": { "count": 2, "percentage": 0.89 }, "shutdown_effective": { "count": 3, "percentage": 1.34 }, "status_review": { "count": 12, "percentage": 5.36 }, "testing": { "count": 1, "percentage": 0.45 }, "token_migration": { "count": 2, "percentage": 0.89 }, "wind_down": { "count": 1, "percentage": 0.45 }, "wind_down_and_final_redemption": { "count": 1, "percentage": 0.45 }, "wind_down_announced": { "count": 2, "percentage": 0.89 } }, "detail_kind": { "depeg": { "count": 7, "percentage": 3.13 }, "governance_change": { "count": 12, "percentage": 5.36 }, "integration": { "count": 1, "percentage": 0.45 }, "issuer_control": { "count": 1, "percentage": 0.45 }, "launch": { "count": 102, "percentage": 45.54 }, "migration": { "count": 31, "percentage": 13.84 }, "other": { "count": 35, "percentage": 15.63 }, "redemption_change": { "count": 6, "percentage": 2.68 }, "regulatory": { "count": 6, "percentage": 2.68 }, "reserve_change": { "count": 7, "percentage": 3.13 }, "security_incident": { "count": 8, "percentage": 3.57 }, "termination": { "count": 8, "percentage": 3.57 } }, "depeg_outcomes": { "collapsed": { "count": 3, "percentage": 42.86 }, "not_recovered": { "count": 3, "percentage": 42.86 }, "recovered": { "count": 1, "percentage": 14.29 } }, "lifecycle_quality": { "depeg": { "event_count": 11, "asset_coverage": { "count": 11, "denominator": 144, "percentage": 7.64 }, "recovery_state_recorded": { "count": 7, "denominator": 11, "percentage": 63.64 } }, "regulatory": { "event_count": 6, "asset_coverage": { "count": 5, "denominator": 144, "percentage": 3.47 } }, "redemption_change": { "event_count": 6, "asset_coverage": { "count": 6, "denominator": 144, "percentage": 4.17 } }, "migration_or_termination": { "event_count": 43, "asset_coverage": { "count": 35, "denominator": 144, "percentage": 24.31 } } } }, "failures": { "count": 6, "by_stabilization_mechanism": 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"deployment_count": 1 }, "Agoric": { "asset_count": 1, "deployment_count": 1 }, "Aleo": { "asset_count": 1, "deployment_count": 1 }, "Algorand": { "asset_count": 1, "deployment_count": 1 }, "Aptos": { "asset_count": 1, "deployment_count": 1 }, "Arbitrum One": { "asset_count": 3, "deployment_count": 3 }, "Arc": { "asset_count": 1, "deployment_count": 1 }, "AssetChain": { "asset_count": 1, "deployment_count": 1 }, "Avalanche": { "asset_count": 1, "deployment_count": 1 }, "Bantu": { "asset_count": 1, "deployment_count": 1 }, "Base": { "asset_count": 11, "deployment_count": 11 }, "Berachain": { "asset_count": 1, "deployment_count": 1 }, "Bitcoin Omni Layer": { "asset_count": 1, "deployment_count": 1 }, "blast": { "asset_count": 1, "deployment_count": 1 }, "BNB Chain": { "asset_count": 8, "deployment_count": 8 }, "Canton Network": { "asset_count": 2, "deployment_count": 2 }, "Cardano": { "asset_count": 2, "deployment_count": 2 }, "Celo": { "asset_count": 3, "deployment_count": 3 }, 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