Event record
Record sog_ev_usn_v2_batch_q
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
- Category
- Governance and protocol change
- Subtype
- Protocol Model Update
- Status effect
- Remained active
- Recovery
- Not applicableNot yet recorded
- Evidence
- 1 source record1 relations
Identity and classification
Overview
Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.| Date | 2022-06-30 |
|---|---|
| Public event category | Governance and protocol change |
| Canonical event subtype | Protocol Model Update |
| Structured detail kind | Reserve Change |
| Stablecoin subjects | USN |
| Organization subjects | Decentral Bank |
| Impact | High |
| Effect on stablecoin lifecycle | Remained active |
| Canonical status-effect value | Active |
| Recovery or reversal | Not applicable |
| Recovery date | Not Applicable |
| Cause or mechanism | Phase I of USN v2 moved minting and redemption to 1:1 USDT backing. |
| Structured detail coverage | Structured fields available below |
| Record confidence | High |
- Date
- 2022-06-30
- Public category
- Governance and protocol change
- Canonical subtype
- Protocol Model Update
- Structured detail kind
- Reserve Change
- Impact
- High
- Status effect
- Remained active
- Recovery
- Not applicable
- Recovery date
- Not yet recorded
- Cause or mechanism
- Phase I of USN v2 moved minting and redemption to 1:1 USDT backing.
- Record confidence
- High
Affected records
Subjects
Stablecoin and organization subjects remain separate record groups.USN
Open the stablecoin dossier for current state, organizations, deployments, evidence, and unknowns.
Decentral Bank
Open the organization record for roles, relationships, events, evidence, and unknowns.
Typed record
Structured detail
Event-type-specific facts remain visible with explicit value states.| Reserve-change detail — Summary | Phase I of USN v2 moved minting and redemption to 1:1 USDT backing. |
|---|---|
| Reserve-change detail — Status | Completed |
- Reserve-change detail — Summary
- Phase I of USN v2 moved minting and redemption to 1:1 USDT backing.
- Reserve-change detail — Status
- Completed
Provenance
Evidence
Source identity, publisher, publication date, reliability, archive, and relation count remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| 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 v2.0 moves to USDT backing
- Publisher
- Decentral Bank / NEAR Protocol
- Published
- 2022-06-30
- Reliability
- High
- Relations
- 1
Maintenance