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Event record

Reviewed event

Basis Cash fails to sustain its target peg

The BAC/BAB/BAS seigniorage system failed to restore durable dollar parity and ceased to function as a relevant stable asset system.

Date
Not yet recorded
Affected records
2 linked records
1 stablecoin · 1 organization
Evidence
3 sources
0 evidence relations

Connected records

Affected records

Assets and organizations connected to this event.
StablecoinBasis CashOrganizationBasis Cash

Sources

Evidence

Sources used for this record, with archival copies where available.
3 source identities · 3 evidence relations
SourcePublisher and dateRelevanceArchive
Basis Cash protocol
Source details
Source category
Technical documentation or repository
Provenance
Technical primary source
Primary or secondary
Primary source
Reliability
High
Basis Cash
Published Not yet recorded		Identity, BAC, BAB, BAS, Mechanism, Entity and ModelArchive index or wildcard
Basis Cash documentation archive
Source details
Source category
Official documentation or product page
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Basis Cash
Published Not yet recorded		Seigniorage Model, Bond and Share Tokens, Protocol ModelArchive index or wildcard
Basis Cash historical website archive
Source details
Source category
Archive or historical record
Provenance
Archive capture
Primary or secondary
Primary source
Reliability
Medium
Basis Cash
Published Not yet recorded		Historical Site, Terminal Uncertainty, Historical EntityArchive index or wildcard
Technical documentation or repository

Basis Cash protocol

High
Publisher
Basis Cash
Published
Not yet recorded
Provenance
Technical primary source
Primary or secondary
Primary source
Supported claims
Identity, BAC, BAB, BAS, Mechanism, Entity and Model
Reliability
High
Official documentation or product page

Basis Cash documentation archive

High
Publisher
Basis Cash
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Seigniorage Model, Bond and Share Tokens, Protocol Model
Reliability
High
Record details
Classification, review, and event-specific data
Record ID
sog_ev_bac_collapse_batch_k
Severity
Critical
Event type
Peg Failure
Public category
Depeg and peg stress
Lifecycle effect
Collapsed or failed
Recovery or reversal
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
BAC failed to sustain the peg and the three-token system ceased practical relevance.
Structured detail kind
Termination
Record confidence
Medium
Evidence relations
0

Event-specific details

Termination

Summary
BAC failed to sustain the peg and the three-token system ceased practical relevance.
Status
Collapsed

Maintenance

Corrections and further reading

Use the documented correction path and methodology.