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Record sog_ev_mountainusdm_wind_down

Mountain Protocol advances USDM to Phase 3 wind-down

Mountain Protocol Phase 3 terms took effect on 22 August 2025. From that date Mountain Protocol no longer issued or directly redeemed USDM and no longer operated the issuer platform, while remaining reserves and exit liquidity moved to an on-chain wind-down structure.

Date
2025-08-22
Category
Wind-down and termination
Subtype
Wind Down
Status effect
Entered wind-down
Recovery
Not applicableNot yet recorded
Evidence
3 source records3 relations

Identity and classification

Overview

Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.
Date2025-08-22
Public event categoryWind-down and termination
Canonical event subtypeWind Down
Structured detail kindTermination
Stablecoin subjectsMountain Protocol USD
Organization subjectsMountain Protocol
ImpactCritical
Effect on stablecoin lifecycleEntered wind-down
Canonical status-effect valueDiscontinued
Recovery or reversalNot applicable
Recovery dateNot Applicable
Cause or mechanismMountain Protocol issuance, direct redemption, and platform operation ended when Phase 3 took effect on 2025-08-22; residual on-chain wind-down and exit routes continue as post-discontinuation context.
Structured detail coverageStructured fields available below
Record confidenceHigh
Date
2025-08-22
Public category
Wind-down and termination
Canonical subtype
Wind Down
Structured detail kind
Termination
Impact
Critical
Status effect
Entered wind-down
Recovery
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
Mountain Protocol issuance, direct redemption, and platform operation ended when Phase 3 took effect on 2025-08-22; residual on-chain wind-down and exit routes continue as post-discontinuation context.
Record confidence
High

Affected records

Subjects

Stablecoin and organization subjects remain separate record groups.
Stablecoin subject

Mountain Protocol USD

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Organization subject

Mountain Protocol

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Typed record

Structured detail

Event-type-specific facts remain visible with explicit value states.
Structured event detail
Termination detail — SummaryMountain Protocol issuance, direct redemption, and platform operation ended when Phase 3 took effect on 2025-08-22; residual on-chain wind-down and exit routes continue as post-discontinuation context.
Termination detail — StatusDiscontinued
Termination detail — Related organizationssog_issuer_mountain_protocol
Termination detail — Summary
Mountain Protocol issuance, direct redemption, and platform operation ended when Phase 3 took effect on 2025-08-22; residual on-chain wind-down and exit routes continue as post-discontinuation context.
Termination detail — Status
Discontinued
Termination detail — Related organizations
sog_issuer_mountain_protocol

Provenance

Evidence

Source identity, publisher, publication date, reliability, archive, and relation count remain separate.
3 source identities · 3 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
USDM wind-down overview
Published Not yet recorded		Mountain ProtocolOfficial statement or announcement
Canonical: Official Statement		Subject-controlled sourcePrimary sourceWind Down Phases, Issuance Status, Rewards Transition, Wind Down PlanArchive index or wildcardHigh
Mountain Protocol Phase 3 terms
Published Not yet recorded		Mountain Protocol LimitedLegal terms or disclosure
Canonical: Terms of Service		Subject-controlled sourcePrimary sourceFormer Issuer, Platform Redemption Termination, Wind Down Overseer, Phase3 Legal and Redemption StatusArchive index or wildcardHigh
USDM Phase 3 ongoing proof of reserves
Published Not yet recorded		Mountain ProtocolOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceOnchain Reserve, Stablecoin Backing, Exit Contract, Phase3 Reserve and ExitArchive index or wildcardHigh

Maintenance

Corrections and further reading

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