Stablecoin dossierReturn to register

Record sog_st_cashio

CASHCashio Dollar

Also recorded as CASH, Cashio Dollar, Cashio

Lifecycle
Collapsed
Issuance
Terminated
Reference target
US dollar
Primary organization
CashioNo additional recorded relationship
Launch
2021-11-09
Redemption
Terminated
Backing
Crypto-collateralized
Stabilization
Overcollateralized vault
Last review
2026-06-24
Evidence
4 source records

Reviewed assessment

Identity and current state

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

Solana stablecoin backed through Saber-related LP collateral before a March 2022 infinite-mint exploit collapsed the asset and protocol.

NameCashio Dollar
SymbolCASH
AliasesCASH, Cashio Dollar, Cashio
Asset classStablecoin
Lifecycle statusCollapsed
Issuance statusTerminated
Canonical record IDsog_st_cashio
Route slugcashio-dollar
Record confidenceHigh
Last reviewed2026-06-24
Name
Cashio Dollar
Symbol
CASH
Aliases
CASH, Cashio Dollar, Cashio
Asset class
Stablecoin
Lifecycle status
Collapsed
Issuance status
Terminated
Canonical record ID
sog_st_cashio
Route slug
cashio-dollar
Record confidence
High
Last reviewed
2026-06-24
Record coverage
SectionEntries
Organizations1
Sources4
Reserve reports1
Reserve components1
Model-history events2
Regulatory notes0
Deployments1
Issuer-control actions0
Open questions2
Events4
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
Protocol Governed
Primary display organization
Cashio
Primary display role
Protocol operator
Display selection mode
Deterministic Policy
Current relationships
0
Ended relationships
1
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
2
Observed issuer-control events
0
Relationship coverage
1 recorded relationship
All current, ended, and unknown-state organization relationships
OrganizationOrganization categoryRegulatory characterJurisdictionRoleDisplay priorityFromUntilRelationship status
CashioProtocol or software systemProtocol or decentralized systemDecentralized / SolanaProtocol operatorPrimary displayNot yet recorded2022-03-23Ended relationship
Protocol or software system

Cashio

Primary display
Functional role
Protocol operator
Relationship status
Ended relationship
Regulatory character
Protocol or decentralized system
Jurisdiction
Decentralized / Solana
From
Not recorded
Until
2022-03-23

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
CASH targeted one US dollar through LP-token collateral before the exploit.
Public backing model
Crypto-collateralized
Canonical backing types
Stablecoin Collateral, Other
Reserve component categories
Stablecoin Collateral
Primary stabilization mechanism
Overcollateralized vault
Recorded model description
Solana Lp Collateralized Protocol Stablecoin
Redemption / exit model
Terminated
Valuation source
Public information is incomplete
Yield / rebase profile
None recorded
Classification notes
Solana LP-collateralized stablecoin collapsed after an infinite-mint exploit.

Reserve and redemption

Reserve and redemption

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

Reserve components

  • Saber USD liquidity-pool collateralStablecoin Collateral · Historical pre-exploit collateral; the validation failure allowed unbacked minting.
Reserve profile
Disclosure statusHistorical Protocol Model
Backing typesStablecoin Collateral, Other
SummaryCASH was collateralized through Saber-related LP and interest-bearing LP positions before the exploit.
As of2022-03-23
Profile confidenceHigh
Disclosure status
Historical Protocol Model
Backing types
Stablecoin Collateral, Other
Summary
CASH was collateralized through Saber-related LP and interest-bearing LP positions before the exploit.
As of
2022-03-23
Profile confidence
High
Redemption profile
Current statusTerminated
Settlement assetNo recorded change
Eligible partiesNo functioning route documented after the exploit.
Retail accessNot Available
Institutional accessNot Available
Minimum amountNot applicable.
FeeNot applicable.
Settlement timeNot applicable.
Regional limitsHistorical Solana protocol asset.
Current status
Terminated
Settlement asset
No recorded change
Eligible parties
No functioning route documented after the exploit.
Retail access
Not Available
Institutional access
Not Available
Minimum amount
Not applicable.
Fee
Not applicable.
Settlement time
Not applicable.
Regional limits
Historical Solana protocol asset.
Reserve and attestation history
DatePublisherTypeAssets coveredRecord confidence
Not yet recordedCashio / CertiKHistorical Collateral ModelStablecoin Collateral, Liquidity Pool TokensHigh

Cashio / CertiK

Not yet recorded
Type
Historical Collateral Model
Assets covered
Stablecoin Collateral, Liquidity Pool Tokens
Record confidence
High

Evidence

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.
4 source identities · 4 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Cashio protocol repository
Published Not yet recorded
CashioTechnical documentation or repository
Canonical: Official Repository
Technical primary sourcePrimary sourceIdentity, Solana, Protocol Code, Entity and ContractsArchive index or wildcardHigh
Stablecoin Cashio Suffers Infinite Glitch Exploit, TVL Drops by $28M
Published 2022-03-23
CoinDeskIndependent news or analysis
Canonical: News Article
Independent third-party sourceSecondary sourceExploit Date, Infinite Mint, Peg Collapse, Security IncidentArchive index or wildcardHigh
Cashio App Incident Analysis
Published 2022-03-23
CertiKResearch or security report
Canonical: Security Analysis
Independent third-party sourceSecondary sourceExploit Mechanism, Loss Estimate, Remediation, Security IncidentArchive index or wildcardHigh
Saber Launches CASH / USDC Pool in Partnership with Cashio
Published 2021-11-09
Saber TeamOfficial statement or announcement
Canonical: Official Ecosystem Announcement
Subject-controlled sourcePrimary sourceLaunch Date, Public Mint, Redemption, Liquidity Pool, Swap Availability, Public Launch and AvailabilityArchive index or wildcardHigh

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.
Open questions
TopicWhat remains unclearValue statePriorityLast checked
Loss and Exposure MeasurementPublished figures differ between TVL loss and gross affected asset estimates, commonly around $28 million and approximately $52 million.Unknown after reviewHigh2026-06-17
Victim Repayment and Remaining LiabilitiesThe final scope of repayments, recoveries, and unresolved victim claims is not normalized.Unknown after reviewHigh2026-06-17

Loss and Exposure Measurement

Published figures differ between TVL loss and gross affected asset estimates, commonly around $28 million and approximately $52 million.

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

Victim Repayment and Remaining Liabilities

The final scope of repayments, recoveries, and unresolved victim claims is not normalized.

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

  1. Infinite-mint exploit compromises CashioSecurity Incident
  2. CASH peg collapses after exploitDepeg
Event timeline
DateEventCategorySubtypeStatus effectRecovery
2021-11-09Cashio Dollar launches on SolanaLaunch and introductionLaunchRemained activeNot applicable
2022-03-23Infinite-mint exploit compromises CashioSecurity and chain incidentExploitRestricted or impairedNot applicable
2022-03-23CASH peg collapses after exploitDepeg and peg stressDepegCollapsed or failedCollapsed
2022-03-23Cashio ceases practical operationWind-down and terminationShutdown EffectiveCollapsed or failedNot applicable

Related records and corrections

Corrections and further reading

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