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Record sog_st_acalaausd

aSEEDAcala Dollar / aUSD Seed

Also recorded as aUSD, Acala USD, Acala Dollar, aSEED, aUSD Seed

Migrated

Lifecycle: Migrated
Issuance: Terminated
Reference target: US dollar
Primary organization: Acala NetworkNo additional recorded relationship
Launch: 2022-02-10
Redemption: Protocol Based
Backing: Hybrid or mixed
Stabilization: Hybrid
Last review: 2026-06-17
Evidence: 3 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Acala's former overcollateralized aUSD stablecoin, affected by the 2022 erroneous-mint incident and later converted one-to-one into the aSEED recovery and treasury asset.

Name	Acala Dollar / aUSD Seed
Symbol	aSEED
Aliases	aUSD, Acala USD, Acala Dollar, aSEED, aUSD Seed
Asset class	Stablecoin
Lifecycle status	Migrated
Issuance status	Terminated
Canonical record ID	`sog_st_acalaausd`
Route slug	`acala-ausd`
Record confidence	High
Last reviewed	2026-06-17

Name: Acala Dollar / aUSD Seed
Symbol: aSEED
Aliases: aUSD, Acala USD, Acala Dollar, aSEED, aUSD Seed
Asset class: Stablecoin
Lifecycle status: Migrated
Issuance status: Terminated
Canonical record ID: sog_st_acalaausd
Route slug: acala-ausd
Record confidence: High
Last reviewed: 2026-06-17

Record coverage

Section	Entries
Organizations	1
Sources	3
Reserve reports	1
Reserve components	2
Model-history events	3
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	2
Events	4

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: DAO Governed
Primary display organization: Acala Network
Primary display role: Protocol operator
Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 1
Observed issuer-control events: 0
Relationship coverage: 1 recorded relationship

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Acala Network	Protocol or software system	Protocol or decentralized system	Decentralized / Polkadot	Protocol operator	Primary display	Not yet recorded	Not yet recorded	Active relationship

Protocol or software system

Acala Network

Primary display

Functional role: Protocol operator
Relationship status: Active relationship
Regulatory character: Protocol or decentralized system
Jurisdiction: Decentralized / Polkadot
From: Not recorded
Until: Not recorded

Mechanism

How the asset works

Reference, backing, stabilization, exit, valuation, and yield remain separate facts.

Reference target: US dollar
Reference kind: Fiat
Comparison category: US dollar
Target value: Not yet recorded
Reference methodology: aUSD targeted one US dollar before conversion one-to-one into aSEED.
Public backing model: Hybrid or mixed
Canonical backing types: Crypto Collateral, Mixed
Reserve component categories: Crypto Collateral, Other
Primary stabilization mechanism: Hybrid
Recorded model description: Formerly Overcollateralized Multicollateral Cdp Then Migrated Treasury Asset
Redemption / exit model: Protocol Based
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded
Classification notes: One continuous identity: overcollateralized aUSD was renamed and converted into aSEED through Acala governance.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Former aUSD multi-collateral vault assetsCrypto Collateral · Historical aUSD collateral model before aSEED migration.
aSEED treasury and recovery assetsOther · Exact current composition and redemption value remain a open question.

Reserve profile

Disclosure status	Protocol Governance Transparency
Backing types	Crypto Collateral, Mixed
Summary	aUSD was originally minted against multi-collateral vaults; aSEED is governed as a recovery and treasury asset after conversion.
As of	2026-06-17
Profile confidence	High

Disclosure status: Protocol Governance Transparency
Backing types: Crypto Collateral, Mixed
Summary: aUSD was originally minted against multi-collateral vaults; aSEED is governed as a recovery and treasury asset after conversion.
As of: 2026-06-17
Profile confidence: High

Redemption profile

Current status	Protocol Based
Settlement asset	Supported Treasury Assets
Eligible parties	aSEED holders using supported Acala redemption routes.
Retail access	Protocol Based Subject to Access
Institutional access	Protocol Based Subject to Access
Minimum amount	Protocol transaction dependent.
Fee	Protocol and network fees may apply.
Settlement time	Onchain and governance-route dependent.
Regional limits	Interface and network restrictions may apply.

Current status: Protocol Based
Settlement asset: Supported Treasury Assets
Eligible parties: aSEED holders using supported Acala redemption routes.
Retail access: Protocol Based Subject to Access
Institutional access: Protocol Based Subject to Access
Minimum amount: Protocol transaction dependent.
Fee: Protocol and network fees may apply.
Settlement time: Onchain and governance-route dependent.
Regional limits: Interface and network restrictions may apply.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
Not yet recorded	Acala	Protocol Collateral and Migration Disclosure	Crypto Collateral, Treasury Assets	High

Acala

Not yet recorded

Type: Protocol Collateral and Migration Disclosure
Assets covered: Crypto Collateral, Treasury Assets
Record confidence: High

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Network record state	Standard	Public deployment category	Canonical deployment type	Operational state	Recorded status	Change or proposal state	Canonicality	Canonicality record state	Verification state	Contract identity state	Contract or identifier	Freeze	Blacklist	Control events	Notes
Acala	Specific network recorded	Substrate Asset / EVM mirror	Protocol-native or protocol-supported deployment	Protocol Native Asset	Active	Active	No separate change state recorded	Native deployment	Canonicality recorded	Identifier recorded; verification not recorded	Identifier recorded	0x0000000000000000000100000000000000000001	Not yet recorded	Not yet recorded	1	Same asset registry entry transitioned from aUSD to aSEED; Karura counterpart is not normalized in this batch.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

3 source identities · 3 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Acala Launches Polkadot Native Stablecoin aUSD Published 2022-02-10	Acala	Official statement or announcement Canonical: Official Blog	Subject-controlled source	Primary source	Launch, Multicollateral Model, Launch and Model	Archive index or wildcard	High
Acala Incident Report 14/08/2022 Published 2022-09-20	Acala	Official statement or announcement Canonical: Official Incident Report	Subject-controlled source	Primary source	Error Mint, Governance Burn, Recovery, Security Incident and Recovery	Archive index or wildcard	High
aUSD SEED aSEED Published Not yet recorded	Acala	Official documentation or product page Canonical: Official Documentation	Subject-controlled source	Primary source	One to One Conversion, Asset Registry Update, Same Identity, Redemption, Migration	Archive index or wildcard	High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Complete Error Mint Trace and Recovery	Official reports document large burns and recovery, but every traced transfer and residual economic effect is not normalized.	Unknown after review	Medium	2026-06-17
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.	Unknown after review	High	2026-06-17

Complete Error Mint Trace and Recovery

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

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-17

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.

Value state: Unknown after review
Priority: High
Last checked: 2026-06-17

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

2022-02-10Acala launches aUSDLaunch
2022-09-26Acala restores aUSD collateralization and operationsOther
2023-07-20aUSD converts one-to-one into aSEEDMigration

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2022-02-10	Acala launches aUSD	Launch and introduction	Launch	Remained active	Not applicable
2022-08-14	Erroneous aUSD mint disrupts Acala	Security and chain incident	Erroneous Mint Incident	Restricted or impaired	Not applicable
2022-09-26	Acala restores aUSD collateralization and operations	Recovery	Recovery	Remained active	Not applicable
2023-07-20	aUSD converts one-to-one into aSEED	Migration and rebrand	Token Migration	Migrated	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.