Stable or Gone
Organization record
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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 / PolkadotDecentralized or protocol-based
Connected assets
1
Relationships
1 current0 historical
Evidence
3 source records

Identity and taxonomy

Overview

Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.
Organization categoryProtocol or software system
Canonical organization typeDecentralized Protocol
Legal formNot recorded in canonical data
Legal-form stateNot Recorded
Regulatory characterProtocol or decentralized system
JurisdictionDecentralized / Polkadot
Jurisdiction scopeDecentralized or protocol-based
Functional rolesProtocol operator
Relationship statesActive relationship
Primary display relationships1
Official websitehttps://acala.network/
Record confidenceHigh
Last reviewed2026-06-17
Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Decentralized / Polkadot
Jurisdiction scope
Decentralized or protocol-based
Functional roles
Protocol operator
Record confidence
High

Connected assets

Relationships

Current, ended, and unknown relationships remain separate. Primary display is navigation only.
StablecoinSymbolFunctional roleDisplayFromUntilStateLifecycle
Acala Dollar / aUSD SeedaSEEDProtocol operatorPrimary displayNot yet recordedNot yet recordedActive relationshipMigrated

Material history

Events

Typed events and organization control actions remain linked to evidence.
DateEventCategorySubtypeStatus effect
2023-07-20aUSD converts one-to-one into aSEEDMigration and rebrandToken MigrationMigrated
2022-09-26Acala restores aUSD collateralization and operationsRecoveryRecoveryRemained active
2022-08-14Erroneous aUSD mint disrupts AcalaSecurity and chain incidentErroneous Mint IncidentRestricted or impaired
2022-02-10Acala launches aUSDLaunch and introductionLaunchRemained active

Provenance

Evidence

Source identity, publication date, reliability, archive state, and relation count 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

Uncertainty

Known unknowns

Reviewed gaps remain visible instead of being converted into false certainty.

complete_error_mint_trace_and_recovery

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

Severity
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.

Severity
High
Last checked
2026-06-17

Migration continuity does not imply unchanged economic rights.

Maintenance

Corrections and further reading

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