Stable or Gone
Support this archiveSubmit correction
More
Event record

Reviewed event

Rujira announces USK wind-down and repayment-only state

Rujira announced that USK would wind down, interest would increase gradually to encourage debt repayment, and Kujira debt products including USK minting had been set to repayment-only so users could not take on new debt.

Date
2025-06-30
Affected records
2 linked records
1 stablecoin · 1 organization
Evidence
1 source
1 evidence relation

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.
1 source identity · 1 evidence relation
SourcePublisher and dateRelevanceArchive
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 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_winddown_2025
Severity
High
Event type
Wind Down Announced
Public category
Wind-down and termination
Lifecycle effect
Restricted or impaired
Recovery or reversal
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
Orderly Wind Down
Structured detail kind
Other
Record confidence
High
Evidence relations
1

Maintenance

Corrections and further reading

Use the documented correction path and methodology.