Record sog_issuer_decentral_bank
Decentral Bank
DAO that launched, operated, changed, and wound down the NEAR-native USN stablecoin.
- Category
- DAO or governance body
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Decentralized / NEAR ecosystem
Scope: Decentralized or protocol-based - Connected assets
- 1
- Relationships
- 0 current
1 historical - Evidence
- 4 source records
Reviewed identity
Organization summary
The primary category, regulatory character, jurisdiction, asset count, relationship count, and Evidence count are already shown above.DAO that launched, operated, changed, and wound down the NEAR-native USN stablecoin.
- Legal form
- Not recorded in canonical data
- Functional roles
- Protocol operator
- Official website
- https://medium.com/@dcntrlbank
- Record confidence
- High
- Last reviewed
- 2026-06-29
Connected assets
Relationships
Current, ended, and unknown relationships remain separate. Primary display is navigation only.| Stablecoin | Role | Period | State | Lifecycle |
|---|---|---|---|---|
| USNPrimary display | Protocol operator | 2022-04-25 – 2022-10-24 | Ended relationship | Inactive |
USN
PrimaryProtocol operator
2022-04-25 – 2022-10-24Material history
Events
The five latest typed events are shown first. Control actions remain linked to evidence.| Date | Event | Type | Effect |
|---|---|---|---|
| 2022-10-24 | USN enters controlled wind-down | Shutdown EffectiveWind-down and termination | Entered wind-down |
| 2022-06-30 | USN v2 shifts to USDT backing | Protocol Model UpdateGovernance and protocol change | Remained active |
| 2022-04-25 | USN launches on NEAR | LaunchLaunch and introduction | Remained active |
USN enters controlled wind-down
Shutdown Effective
Entered wind-downUSN v2 shifts to USDT backing
Protocol Model Update
Remained activeUSN launches on NEAR
Launch
Remained activeProvenance
Evidence
The first ten source records are shown initially. Source identity, publication date, reliability, and archive state remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Decentral Bank launches USN Published 2022-04-25 | Decentral Bank / NEAR Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Launch date, Identity, Backing, Minting, Launch Identity Reserve and Minting | Archive index or wildcard | High |
| USN v2.0 moves to USDT backing Published 2022-06-30 | Decentral Bank / NEAR Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Reserve Change, Minting, Redemption, Lifecycle, Reserve Model Transition | Archive index or wildcard | High |
| USN wind down message Published 2022-10-24 | Decentral Bank | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Discontinued Date, Lifecycle, Minting Halt, Redemption, Wind Down Minting Halt and Exit Routes | Archive index or wildcard | High |
| NEAR launches USN Protection Programme Published 2022-10-24 | NEAR Foundation | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Reserve Shortfall, Protection Program, Redemption, Lifecycle, Undercollateralization and Protection Program | Archive index or wildcard | High |
Decentral Bank launches USN
- Publisher
- Decentral Bank / NEAR Protocol
- Published
- 2022-04-25
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Launch date, Identity, Backing, Minting, Launch Identity Reserve and Minting
- Archive
- Archive index or wildcard
- Reliability
- High
USN v2.0 moves to USDT backing
- 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
- Archive
- Archive index or wildcard
- Reliability
- High
USN wind down message
- 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
NEAR launches USN Protection Programme
- 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
UncertaintyKnown unknowns5
Final Supply and Residual Market State
Final burned supply, residual circulating tokens, and later market state remain unresolved.
High · last checked 2026-06-29Wind-down does not prove every token was redeemed or destroyed.
Protection Program Terminal Date and Settlement
The final close date, total claims, payout completion, and residual obligations of the Protection Programme are incomplete.
High · last checked 2026-06-29Do not infer full settlement from programme launch.
Undercollateralization and Final Reserve Reconciliation
The full chronology and final reconciliation of the reserve shortfall remain incomplete.
High · last checked 2026-06-29Official sources establish the response, not every accounting detail.
Aurora Representation and Liquidity End State
The complete Aurora representation, bridge, contract, and liquidity end state remains unresolved.
Medium · last checked 2026-06-29NEAR-native and Aurora representations must remain distinct.
V1 V2 Contract and Authority History
The complete v1 and v2 contract inventory, upgrade continuity, reserve controls, and shutdown state remain incomplete.
Medium · last checked 2026-06-29The core usn account is recorded; later boundaries need source review.
Maintenance