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Event record

Reviewed event

USN v2 shifts to USDT backing

USN v2 changed the initial model so minting and redemption used USDT at 1:1 during Phase I.

Date
2022-06-30
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.
StablecoinUSNOrganizationDecentral Bank

Sources

Evidence

Sources used for this record, with archival copies where available.
1 source identity · 1 evidence relation
SourcePublisher and dateRelevanceArchive
USN v2.0 moves to USDT backing
Source details
Source category
Official statement or announcement
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Decentral Bank / NEAR Protocol
Published 2022-06-30		Reserve Change, Minting, Redemption, Lifecycle, Reserve Model TransitionArchive index or wildcard
Official statement or announcement

USN v2.0 moves to USDT backing

High
Publisher
Decentral Bank / NEAR Protocol
Published
2022-06-30
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Reserve Change, Minting, Redemption, Lifecycle, Reserve Model Transition
Reliability
High
Record details
Classification, review, and event-specific data
Record ID
sog_ev_usn_v2_batch_q
Severity
High
Event type
Protocol Model Update
Public category
Governance and protocol change
Lifecycle effect
Remained active
Recovery or reversal
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
Phase I of USN v2 moved minting and redemption to 1:1 USDT backing.
Structured detail kind
Reserve Change
Record confidence
High
Evidence relations
1

Event-specific details

Reserve change

Summary
Phase I of USN v2 moved minting and redemption to 1:1 USDT backing.
Status
Completed

Maintenance

Corrections and further reading

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