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Event record

Reviewed event

USK remains limited during repayment-only wind-down

USK launched in 2022 but is now in an orderly wind-down. First-party Rujira documentation states that new USK debt is disabled while existing positions remain repayable during the Kujira-to-Rujira transition.

Date
2026-06-25
Affected records
2 linked records
1 stablecoin · 1 organization
Evidence
4 sources
4 evidence relations

Connected records

Affected records

Assets and organizations connected to this event.
StablecoinKujira USKOrganizationKujira

Sources

Evidence

Sources used for this record, with archival copies where available.
4 source identities · 4 evidence relations
SourcePublisher and dateRelevanceArchive
Kujira USK overview
Source details
Source category
Official documentation or product page
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Kujira
Published Not yet recorded		Entity Identity, Overcollateralization, Collateral Types, Kujira Native, Entity and Collateral ModelArchive index or wildcard
USK technical specifics
Source details
Source category
Official documentation or product page
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Kujira
Published Not yet recorded		Cdp Minting, Minimum Collateralization, Burning, Liquidation, Stability Fee, Minting Liquidation and BackingArchive index or wildcard
USK transparency documentation
Source details
Source category
Official documentation or product page
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Kujira
Published Not yet recorded		Collateral Dashboard, Mint and Burn Tracking, Liquidation Backstop, Collateral and Mint TransparencyArchive index or wildcard
Introduction to the Merge
Source details
Source category
Official statement or announcement
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Rujira
Published 2025-06-30		Wind Down, Interest Increase, Repayment Only, New Debt Disabled, Network Transition, Usk Wind Down and Repayment Only StateArchive index or wildcard
Official documentation or product page

Kujira USK overview

High
Publisher
Kujira
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Entity Identity, Overcollateralization, Collateral Types, Kujira Native, Entity and Collateral Model
Reliability
High
Official documentation or product page

USK technical specifics

High
Publisher
Kujira
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Cdp Minting, Minimum Collateralization, Burning, Liquidation, Stability Fee, Minting Liquidation and Backing
Reliability
High
Official documentation or product page

USK transparency documentation

High
Publisher
Kujira
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Collateral Dashboard, Mint and Burn Tracking, Liquidation Backstop, Collateral and Mint Transparency
Reliability
High
Official statement or announcement

Introduction to the Merge

High
Publisher
Rujira
Published
2025-06-30
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Wind Down, Interest Increase, Repayment Only, New Debt Disabled, Network Transition, Usk Wind Down and Repayment Only State
Reliability
High
Record details
Classification, review, and event-specific data
Record ID
sog_ev_usk_limited_status_batch_g
Severity
High
Event type
Status Review
Public category
Lifecycle review
Lifecycle effect
Restricted or impaired
Recovery or reversal
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
Not yet recorded
Structured detail kind
Other
Record confidence
High
Evidence relations
4

Maintenance

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