Record sog_issuer_acala

Acala Network

Polkadot DeFi network and governance ecosystem behind aUSD and its aSEED migration.

Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Decentralized / Polkadot
Scope: Decentralized or protocol-based
Connected assets
1
Relationships
1 current
0 historical

Reviewed identity

Organization summary

The primary category, regulatory character, jurisdiction, asset count, relationship count, and Evidence count are already shown above.

Polkadot DeFi network and governance ecosystem behind aUSD and its aSEED migration.

Legal form
Not recorded in canonical data
Functional roles
Protocol operator
Official website
https://acala.network/
Record confidence
High
Last reviewed
2026-06-17

Connected assets

Relationships

Current, ended, and unknown relationships remain separate. Primary display is navigation only.
StablecoinRolePeriodStateLifecycle
Acala Dollar / aUSD SeedPrimary displayProtocol operatorNot yet recordedNot yet recordedActive relationshipMigrated

Material history

Events

The five latest typed events are shown first. Control actions remain linked to evidence.
DateEventTypeEffect
2023-07-20aUSD converts one-to-one into aSEEDToken MigrationMigration and rebrandMigrated
2022-09-26Acala restores aUSD collateralization and operationsRecoveryRecoveryRemained active
2022-08-14Erroneous aUSD mint disrupts AcalaErroneous Mint IncidentSecurity and chain incidentRestricted or impaired
2022-02-10Acala launches aUSDLaunchLaunch and introductionRemained active

Provenance

Evidence

The first ten source records are shown initially. Source identity, publication date, reliability, and archive state remain separate.
3 source identities · 3 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Acala Launches Polkadot Native Stablecoin aUSD
Published 2022-02-10
AcalaOfficial statement or announcement
Canonical: Official Blog
Subject-controlled sourcePrimary sourceLaunch, Multicollateral Model, Launch and ModelArchive index or wildcardHigh
Acala Incident Report 14/08/2022
Published 2022-09-20
AcalaOfficial statement or announcement
Canonical: Official Incident Report
Subject-controlled sourcePrimary sourceError Mint, Governance Burn, Recovery, Security Incident and RecoveryArchive index or wildcardHigh
aUSD SEED aSEED
Published Not yet recorded
AcalaOfficial documentation or product page
Canonical: Official Documentation
Subject-controlled sourcePrimary sourceOne to One Conversion, Asset Registry Update, Same Identity, Redemption, MigrationArchive index or wildcardHigh
Official statement or announcement

Acala Incident Report 14/08/2022

High
Publisher
Acala
Published
2022-09-20
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Error Mint, Governance Burn, Recovery, Security Incident and Recovery
Reliability
High
Official documentation or product page

aUSD SEED aSEED

High
Publisher
Acala
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
One to One Conversion, Asset Registry Update, Same Identity, Redemption, Migration
Reliability
High
UncertaintyKnown unknowns2

Complete Error Mint Trace and Recovery

Official reports document large burns and recovery, but every traced transfer and residual economic effect is not normalized.

Medium · last checked 2026-06-17

Do not reduce the incident to a single unqualified loss number.

Aseed Redemption Value and Treasury Coverage

aSEED is not asserted to maintain a continuous one-dollar market peg; redemption value and treasury coverage depend on protocol governance and available assets.

High · last checked 2026-06-17

Migration continuity does not imply unchanged economic rights.

Maintenance

Corrections and further reading

Report a record problem or inspect methodology and machine-readable data.