USN enters controlled wind-down — Stablecoin Event

Connected records

Affected records

Assets and organizations connected to this event.

Sources

Sources used for this record, with archival copies where available.

2 source identities · 2 evidence relations
Source	Publisher and date	Relevance	Archive
USN wind down message Source details Source category Official statement or announcement Provenance Subject-controlled source Primary or secondary Primary source Reliability High	Decentral Bank Published 2022-10-24	Discontinued Date, Lifecycle, Minting Halt, Redemption, Wind Down Minting Halt and Exit Routes	Archive index or wildcard
NEAR launches USN Protection Programme Source details Source category Official statement or announcement Provenance Subject-controlled source Primary or secondary Primary source Reliability High	NEAR Foundation Published 2022-10-24	Reserve Shortfall, Protection Program, Redemption, Lifecycle, Undercollateralization and Protection Program	Archive index or wildcard

Official statement or announcement

High

Publisher: Decentral Bank
Published: 2022-10-24
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Discontinued Date, Lifecycle, Minting Halt, Redemption, Wind Down Minting Halt and Exit Routes
Archive: Archive index or wildcard
Reliability: High

Official statement or announcement

High

Publisher: NEAR Foundation
Published: 2022-10-24
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Reserve Shortfall, Protection Program, Redemption, Lifecycle, Undercollateralization and Protection Program
Archive: Archive index or wildcard
Reliability: High

Record details
Classification, review, and event-specific data

Record ID: sog_ev_usn_winddown_batch_q
Severity: Critical
Event type: Shutdown Effective
Public category: Wind-down and termination
Lifecycle effect: Entered wind-down
Recovery or reversal: Not applicable
Recovery date: Not yet recorded
Cause or mechanism: New minting stopped permanently and holders were directed to protection and swap routes.
Structured detail kind: Termination
Record confidence: High
Evidence relations: 2

Summary: New minting stopped permanently and holders were directed to protection and swap routes.
Status: Completed
Resolution date: 2022-10-24
Affected deployments: sog_dep_usn_near_batch_q
Related organizations: sog_issuer_decentral_bank

Maintenance

Use the documented correction path and methodology.