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"value": { "launch_date": null, "unresolved_tracking": "tracked_unknown" }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-15" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 2 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 3, "claim_scopes": [ "active_product", "active_status", "authorized_financial_institution", "brl_reserves", "entity_backing_and_redemption", "issuer_transparency", "one_to_one_brl_backing", "redemption_route", "regulated_partner_redemption", "reserve_and_redemption_transparency", "reserve_custody_and_current_status", "reserve_report" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 2, "topics": [ "complete_network_and_contract_map", "exact_legal_issuer_and_reserve_holder" ], "severity_counts": { "high": 1, "medium": 1 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_busd", "slug": "busd", "name": "Binance USD", "symbol": "BUSD", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "Binance USD", "symbol": "BUSD", "aliases": [ "BUSD" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_paxos", "organization_name": "Paxos", "role": "legal_issuer", "status": "active", "start_date": "2019-09-05", "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "winding_down" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "target_value": 1 } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "cash", "government_securities" ], "reserve_components": [ { "id": "sog_rc_busd_cash", "asset_category": "cash", "asset_label": "Cash", "as_of_date": "2026-06-04", "confidence": "medium" }, { "id": "sog_rc_busd_government_securities", "asset_category": "government_securities", "asset_label": "Government securities", "as_of_date": "2026-06-04", "confidence": "medium" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "issuer_redemption", "governance_model": "centralized" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "wind_down_available", "as_of_date": "2026-06-04", "latest_report_id": null, "confidence": "medium" }, "reserve_report_count": 2, "reserve_component_count": 2 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 2, "latest_report": { "id": "sog_reserve_busd_transparency_archive", "report_type": "attestation_archive_context", "report_date": "2026-06-04", "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "terminated" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "restricted", "settlement_asset": "USD_or_USDP", "eligible_parties": "Eligible Paxos customers during the wind-down.", "retail_access": "source_review_needed", "institutional_access": "available_subject_to_paxos_terms", "minimum_amount_text": "Subject to current Paxos terms.", "fee_text": "Subject to current Paxos terms.", "settlement_time_text": "Subject to Paxos and banking operations.", "jurisdiction_restrictions": [ "Paxos account eligibility and jurisdiction restrictions apply." ], "as_of_date": "2026-06-04", "confidence": "medium" } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "fiat_backed_stablecoin", "jurisdiction": "United States / New York", "effective_from": null, "effective_to": null, "authority_or_basis": "Paxos BUSD wind-down statement and NYDFS oversight context", "confidence": "high", "evidence_ids": [ "sog_src_busd_paxos_statement_pr354" ] } ], "holder_claim_type": "direct_claim_on_issuer", "reserve_ownership": "issuer_owned_for_holders", "reserve_segregation": "stated_segregated", "bankruptcy_remoteness": "confirmed", "licensed_or_regulated_as": [ "Paxos Trust issuer context under New York Department of Financial Services oversight" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 3, "records": [ { "id": "sog_reg_busd_paxos_2023_wind_down", "note_type": "issuer_regulatory_notice", "note_date": "2023-02-13", "jurisdiction": "United States", "authority_or_source": "Paxos", "summary": "Paxos announced it would stop issuing new BUSD and end its relationship with Binance for the Binance USD stablecoin. SOG records this as wind-down context, not as failed status." }, { "id": "sog_reg_busd_exchange_phaseout_context", "note_type": "exchange_notice", "note_date": "2023-08-31", "jurisdiction": "global", "authority_or_source": "Binance", "summary": "Binance announced a gradual phase-out of BUSD product support. SOG records exchange support phase-out separately from Paxos issuer redemption and wind-down status." }, { "id": "sog_reg_busd_sec_followup_reported_context", "note_type": "reported_regulatory_followup", "note_date": "2024-07-11", "jurisdiction": "United States", "authority_or_source": "Reuters", "summary": "Reuters reported a later SEC-related follow-up involving Paxos and BUSD. SOG records this only as reported follow-up context until an official source is added." } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2019-09-05", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-04" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 3 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 6, "claim_scopes": [ "discontinued_status", "entity_redemption_wind_down", "exchange_support_phaseout", "issuer role, minting halt, reserve segregation, bankruptcy remoteness, and redemption wind-down", "regulatory_followup" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-11", "age_days": 3, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 3, "topics": [ "exchange_phaseout_scope", "redemption_deadline", "regulatory_followup" ], "severity_counts": { "medium": 3 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_cadc", "slug": "loon-cadc", "name": "CADC", "symbol": "CADC", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "CADC", "symbol": "CADC", "aliases": [ "CAD Coin", "Canadian Dollar Coin" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_loon_technology", "organization_name": "Loon Technology Inc.", "role": "legal_issuer", "status": "active", "start_date": "2025-10-27", "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "active" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "CAD", "target_value": 1, "notes": "CADC targets 1 CADC to 1 Canadian dollar. Direct issuer minting and redemption require Loon signup and verification, while wallet holding and transfer are permissionless." } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "bank_deposits", "cash" ], "reserve_components": [ { "id": "sog_rc_cadc_cad_cash_batch_x", "asset_category": "cash", "asset_label": "Canadian-dollar cash reserves held in a segregated account at ATB Financial", "as_of_date": "2026-07-09", "confidence": "high" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "issuer_redemption", "governance_model": "centralized" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "monthly_independent_attestations_current", "as_of_date": "2026-07-09", "latest_report_id": "sog_rr_cadc_current_batch_x", "confidence": "high" }, "reserve_report_count": 1, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 1, "latest_report": { "id": "sog_rr_cadc_current_batch_x", "report_type": "current_reserve_dashboard_and_monthly_attestation_program", "report_date": null, "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "restricted" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "eligible_customers_only", "settlement_asset": "CAD", "eligible_parties": "Users who sign up with Loon and complete verification; business and institutional partners may apply for onboarding.", "retail_access": "verified_loon_users", "institutional_access": "business_and_institutional_partner_onboarding", "minimum_amount_text": "No universal minimum is asserted in the reviewed public sources.", "fee_text": "Current public pages reviewed here do not establish a universal redemption fee schedule.", "settlement_time_text": "Loon describes instant or rapid settlement once fiat funds arrive, but no universal redemption SLA is asserted here.", "jurisdiction_restrictions": [ "Loon signup and identity verification apply for direct minting and redemption.", "Compliance and service-availability restrictions apply." ], "as_of_date": "2026-07-09", "confidence": "high" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "fiat_backed_stablecoin", "jurisdiction": "Canada", "effective_from": null, "effective_to": null, "authority_or_basis": "Loon current product, transparency, access, and issuer-transition materials", "confidence": "high", "evidence_ids": [ "sog_src_cadc_loon_home_batch_x", "sog_src_cadc_transparency_batch_x", "sog_src_cadc_loon_acquisition_batch_x" ] } ], "holder_claim_type": "direct_claim_on_issuer", "reserve_ownership": "issuer_owned_for_holders", "reserve_segregation": "stated_segregated", "bankruptcy_remoteness": "unknown", "licensed_or_regulated_as": [ "FINTRAC-compliant Canadian issuer context stated by Loon" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": null, "unresolved_tracking": "tracked_unknown" }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-07-09" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 3 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 5, "claim_scopes": [ "attestation", "backing", "cadc_acquisition_paytrie_origin_2021_year_and_loon_issuer_transition", "canonicality", "contract_address", "current_cadc_identity_issuer_backing_redemption_networks_and_access", "current_issuer_identity_backing_history_and_exact_evm_identifiers", "current_product", "current_reserve_ratio_atb_financial_custody_and_monthly_attestations", "custody", "deployment_networks", "direct_mint_redeem_access_native_and_bridged_networks_and_exact_identifiers", "history", "identity", "issuer", "issuer_transition", "launch_year", "minting", "network", "ownership", "redemption", "reserve" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 3, "topics": [ "deployment_lineage", "issuer_structure", "launch_date" ], "severity_counts": { "medium": 3 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_cashio", "slug": "cashio-dollar", "name": "Cashio Dollar", "symbol": "CASH", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "Cashio Dollar", "symbol": "CASH", "aliases": [ "CASH", "Cashio", "Cashio Dollar" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_cashio", "organization_name": "Cashio", "role": "protocol_operator", "status": "ended", "start_date": null, "end_date": "2022-03-23" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "collapsed" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "notes": "CASH targeted one US dollar through LP-token collateral before the exploit." } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "other", "stablecoin_collateral" ], "reserve_components": [ { "id": "sog_rc_cashio_lp_batch_k", "asset_category": "stablecoin_collateral", "asset_label": "Saber USD liquidity-pool collateral", "as_of_date": "2022-03-23", "confidence": "high" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "stale", "anchor_date": "2022-03-23", "age_days": 1574, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "overcollateralized_vault", "governance_model": "protocol_governed" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "historical_protocol_model", "as_of_date": "2022-03-23", "latest_report_id": "sog_rr_cashio_batch_k", "confidence": "high" }, "reserve_report_count": 1, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "stale", "anchor_date": "2022-03-23", "age_days": 1574, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 1, "latest_report": { "id": "sog_rr_cashio_batch_k", "report_type": "historical_collateral_model", "report_date": null, "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "terminated" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "terminated", "settlement_asset": "none", "eligible_parties": "No functioning route documented after the exploit.", "retail_access": "not_available", "institutional_access": "not_available", "minimum_amount_text": "Not applicable.", "fee_text": "Not applicable.", "settlement_time_text": "Not applicable.", "jurisdiction_restrictions": [], "as_of_date": "2026-06-17", "confidence": "high" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-17", "age_days": 27, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "protocol_asset", "jurisdiction": "Decentralized / Solana", "effective_from": null, "effective_to": "2022-03-23", "authority_or_basis": "Cashio repository and incident analyses", "confidence": "high", "evidence_ids": [ "sog_src_cashio_repo_batch_k", "sog_src_cashio_certik_batch_k" ] } ], "holder_claim_type": "protocol_redemption_right", "reserve_ownership": "protocol_controlled", "reserve_segregation": "not_applicable", "bankruptcy_remoteness": "not_applicable", "licensed_or_regulated_as": [] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2021-11-09", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-24" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 2 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 4, "claim_scopes": [ "entity_and_contracts", "exploit_date", "exploit_mechanism", "identity", "infinite_mint", "launch_date", "liquidity_pool", "loss_estimate", "peg_collapse", "protocol_code", "public_launch_and_availability", "public_mint", "redemption", "remediation", "security_incident", "solana", "swap_availability" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 2, "topics": [ "loss_and_exposure_measurement", "victim_repayment_and_remaining_liabilities" ], "severity_counts": { "high": 2 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-17", "age_days": 27, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_crvusd", "slug": "crvusd", "name": "Curve USD", "symbol": "crvUSD", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "Curve USD", "symbol": "crvUSD", "aliases": [ "Curve USD", "crvUSD" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_curve_finance", "organization_name": "Curve Finance", "role": "protocol_operator", "status": "active", "start_date": null, "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "active" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "target_value": 1 } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "crypto_collateral" ], "reserve_components": [ { "id": "sog_rc_crvusd_crypto_collateral", "asset_category": "crypto_collateral", "asset_label": "Crypto collateral", "as_of_date": "2026-06-02", "confidence": "medium" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-02", "age_days": 42, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "overcollateralized_vault", "governance_model": "dao_governed" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "protocol_transparent", "as_of_date": "2026-06-02", "latest_report_id": null, "confidence": "medium" }, "reserve_report_count": 2, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-02", "age_days": 42, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 2, "latest_report": { "id": "sog_reserve_crvusd_docs_entry", "report_type": "protocol_documentation_reference", "report_date": "2026-06-08", "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-08", "age_days": 36, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "protocol_based" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "protocol_based", "settlement_asset": "protocol_collateral_or_market_exit", "eligible_parties": "Protocol users under Curve lending and repayment mechanics.", "retail_access": "protocol_based", "institutional_access": "protocol_based", "minimum_amount_text": "Protocol-specific.", "fee_text": "Protocol-specific.", "settlement_time_text": "Protocol-specific.", "jurisdiction_restrictions": [], "as_of_date": "2026-06-02", "confidence": "medium" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-02", "age_days": 42, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "unclassified", "evidence_ids": [] } ], 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"anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2023-05-14", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-19" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 1 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 3, "claim_scopes": [ "crvusd_protocol_lifecycle_context", "entity_collateral_redemption", "launch_date", "official_launch_date_from_second_anniversary", "second_anniversary" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-19", "age_days": 25, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 1, "topics": [ "collateral_pegkeeper_history" ], "severity_counts": { "medium": 1 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-02", "age_days": 42, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_dai", "slug": "dai", "name": "Dai", "symbol": "DAI", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "Dai", "symbol": "DAI", "aliases": [ "DAI" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_makerdao_sky", "organization_name": "MakerDAO / Sky", "role": "protocol_operator", "status": "active", "start_date": "2017-12-18", "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "active" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "target_value": 1 } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "mixed" ], "reserve_components": [ { "id": "sog_rc_dai_unknown", "asset_category": "unknown", "asset_label": "Mixed backing; component breakdown unresolved", "as_of_date": "2026-06-04", "confidence": "medium" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "overcollateralized_vault", "governance_model": "dao_governed" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "partial_or_protocol_transparent", "as_of_date": "2026-06-04", "latest_report_id": null, "confidence": "medium" }, "reserve_report_count": 1, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 1, "latest_report": { "id": "sog_reserve_dai_protocol_docs_seed", "report_type": "protocol_disclosure", "report_date": "2026-06-04", "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "protocol_based" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "protocol_based", "settlement_asset": "protocol_collateral_or_market_exit", "eligible_parties": "Protocol users subject to available protocol mechanisms and market liquidity.", "retail_access": "protocol_or_market_based", "institutional_access": "protocol_or_market_based", "minimum_amount_text": "Protocol-specific.", "fee_text": "Protocol- and market-dependent.", "settlement_time_text": "Protocol- and market-dependent.", "jurisdiction_restrictions": [], "as_of_date": "2026-06-04", "confidence": "medium" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "protocol_asset", "jurisdiction": "Decentralized", "effective_from": null, "effective_to": null, "authority_or_basis": "Maker Protocol White Paper", "confidence": "high", "evidence_ids": [ "sog_src_dai_whitepaper_pr354" ] } ], "holder_claim_type": "no_direct_claim", "reserve_ownership": "protocol_controlled", "reserve_segregation": "not_applicable", "bankruptcy_remoteness": "not_applicable", "licensed_or_regulated_as": [] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 1, "records": [ { "id": "sog_reg_dai_sky_lifecycle_context", "note_type": "protocol_lifecycle_context", "note_date": "2024-08-27", "jurisdiction": "global", "authority_or_source": "Sky / MakerDAO ecosystem", "summary": "MakerDAO's Sky transition and related token/product changes should be recorded as protocol lifecycle context. SOG keeps DAI, Sky, USDS, MKR/SKY, savings products, and collateral mechanisms separated until exact source-backed lifecycle records are added." } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2017-12-18", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-04" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 3 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 9, "claim_scopes": [ "black_thursday_context", "collateral_model", "dai_lifecycle_context", "dai_sky_lifecycle_context", "entity_lifecycle", "governance_lifecycle", "identity_transition", "launch_date", "migration_event", "migration_mechanics", "protocol asset structure, collateralized generation, vault collateral control, and absence of conventional issuer redemption claim", "redemption_exit" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-11", "age_days": 3, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 3, "topics": [ "collateral_composition", "lifecycle_transition", "redemption_mechanics" ], "severity_counts": { "medium": 3 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_djed", "slug": "djed", "name": "Djed", "symbol": "DJED", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "Djed", "symbol": "DJED", "aliases": [ "DJED", "Djed Stablecoin" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_coti", "organization_name": "COTI", "role": "protocol_operator", "status": "active", "start_date": "2023-01-31", "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "active" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "target_value": 1, "notes": "Djed targets one U.S. dollar through ADA reserves, SHEN reserve-coin participation, and reserve-ratio constraints." } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "crypto_collateral", "other" ], "reserve_components": [ { "id": "sog_rc_djed_crypto_collateral_batch_g", "asset_category": "crypto_collateral", "asset_label": "ADA reserve collateral", "as_of_date": "2026-06-15", "confidence": "high" }, { "id": "sog_rc_djed_reserve_coin_batch_g", "asset_category": "other", "asset_label": "SHEN reserve coin mechanism", "as_of_date": "2026-06-15", "confidence": "high" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "hybrid", "governance_model": "hybrid" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "onchain_reserve_ratio", "as_of_date": "2026-06-15", "latest_report_id": "sog_rr_djed_onchain_reserve_batch_g", "confidence": "medium" }, "reserve_report_count": 1, "reserve_component_count": 2 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 1, "latest_report": { "id": "sog_rr_djed_onchain_reserve_batch_g", "report_type": "onchain_reserve_dashboard", "report_date": null, "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "protocol_based" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "protocol_based", "settlement_asset": "ADA through supported Djed mint and burn operations", "eligible_parties": "Protocol users satisfying wallet, fee, and reserve-ratio conditions.", "retail_access": "public_protocol_based", "institutional_access": "public_protocol_based", "minimum_amount_text": "Protocol and interface dependent.", "fee_text": "Minting and burning fees and reserve-ratio constraints apply.", "settlement_time_text": "Cardano transaction and protocol-state dependent.", "jurisdiction_restrictions": [ "Interface and applicable legal restrictions may apply." ], "as_of_date": "2026-06-15", "confidence": "medium" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "protocol_asset", "jurisdiction": "Cardano", "effective_from": "2023-01-31", "effective_to": null, "evidence_ids": [ "sog_src_djed_coti_cardano_batch_g", "sog_src_djed_launch_batch_g" ] } ], "holder_claim_type": "protocol_redemption_right", "reserve_ownership": "protocol_controlled", "reserve_segregation": "operationally_separate", "bankruptcy_remoteness": "unclear", "licensed_or_regulated_as": [] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2023-01-31", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-15" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 2 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 3, "claim_scopes": [ "algorithmic_design", "cardano", "cardano_deployment", "current_interface", "current_product_identity", "entity_identity", "issuer_and_design", "issuer_role", "launch", "launch_date", "reserve_coin" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 2, "topics": [ "current_reserve_ratio_and_mint_limits", "legal_claim_and_operator_structure" ], "severity_counts": { "medium": 2 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_doc", "slug": "dollar-on-chain", "name": "Dollar on Chain", "symbol": "DoC", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "Dollar on Chain", "symbol": "DoC", "aliases": [ "DOC", "Dollar On Chain" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_money_on_chain", "organization_name": "Money on Chain", "role": "protocol_operator", "status": "active", "start_date": "2019-12-12", "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "active" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "notes": "DOC targets one U.S. dollar through rBTC collateral, protocol coverage rules, oracle pricing, and risk tranching with BPRO." } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "crypto_collateral" ], "reserve_components": [ { "id": "sog_rc_doc_rbtc_batch_s", "asset_category": "crypto_collateral", "asset_label": "rBTC collateral held by Money on Chain smart contracts", "as_of_date": "2026-06-30", "confidence": "high" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "hybrid", "governance_model": "dao_governed" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "onchain_protocol_transparency", "as_of_date": "2026-06-30", "latest_report_id": "sog_rr_doc_protocol_batch_s", "confidence": "high" }, "reserve_report_count": 1, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 1, "latest_report": { "id": "sog_rr_doc_protocol_batch_s", "report_type": "onchain_protocol_context", "report_date": null, "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "protocol_based" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "protocol_based", "settlement_asset": "rBTC equivalent to the DOC U.S.-dollar value", "eligible_parties": "Public Money on Chain protocol users using supported Rootstock interfaces.", "retail_access": "public_protocol_based", "institutional_access": "public_protocol_based", "minimum_amount_text": "Protocol and transaction dependent.", "fee_text": "Protocol, vendor, and Rootstock network costs may apply.", "settlement_time_text": "Rootstock transaction and protocol-state dependent.", "jurisdiction_restrictions": [ "Wallet, interface, network, coverage-state, governance, and applicable restrictions may apply." ], "as_of_date": "2026-06-30", "confidence": "high" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "protocol_asset", "jurisdiction": null, "effective_from": "2019-12-12", "effective_to": null, "authority_or_basis": "Money on Chain launch, product, and smart-contract documentation", "confidence": "high", "evidence_ids": [ "sog_src_doc_launch_batch_s", "sog_src_doc_product_batch_s", "sog_src_doc_contracts_batch_s" ] } ], "holder_claim_type": "protocol_redemption_right", "reserve_ownership": "protocol_controlled", "reserve_segregation": "operationally_separate", "bankruptcy_remoteness": "not_applicable", "licensed_or_regulated_as": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2019-12-12", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-30" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 5 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 7, "claim_scopes": [ "backing", "bridge", "chain_expansion", "collateral", "contract_address", "current_status", "deployment", "governance", "identity", "identity_bitcoin_backing_redemption_and_network_addresses", "implementation", "launch_date", "minting", "network", "official_arbitrum_bridge_representation", "oracle", "oracle_fix_vote_implementation_and_unpause", "oracle_flaw_pause_scope_and_fix_timeline", "pause", "protocol_mechanics", "protocol_upgrade", "rbtc_collateral_and_doc_protocol_minting", "recovery", "redemption", "rootstock_contract_identity_and_verification", "rootstock_deployment_public_launch_and_initial_doc_access", "security_incident", "token_lineage", "transaction", "unpause", "verification" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-30", "age_days": 14, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 5, "topics": [ "complete_2026_oracle_incident_transaction_lineage", "complete_arbitrum_bridge_lineage", 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true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "tokenized_commodity" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "commodity" ], "reserve_components": [ { "id": "sog_rc_paxg_commodity", "asset_category": "commodity", "asset_label": "Allocated commodity backing", "as_of_date": "2026-06-14", "confidence": "high" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "issuer_redemption", "governance_model": "centralized" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "monthly_attestations_available", "as_of_date": "2026-06-14", "latest_report_id": "sog_rr_paxg_2026_transparency_index_batch_b", "confidence": "high" }, "reserve_report_count": 1, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 1, 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"effective_from": null, "effective_to": null, "authority_or_basis": "RLUSD User Terms and Standard Custody & Trust Company issuer context", "confidence": "high", "evidence_ids": [ "sog_src_rlusd_user_terms" ] } ], "holder_claim_type": "direct_claim_on_issuer", "reserve_ownership": "issuer_owned_for_holders", "reserve_segregation": "stated_segregated", "bankruptcy_remoteness": "unknown", "licensed_or_regulated_as": [ "RLUSD issued through a New York State Department of Financial Services-chartered limited purpose trust" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "canonical_records_present", "record_count": 4, "records": [ { "id": "sog_ma_rlusd_jp_sbivc_vctrade_buy_sell_20260624", "jurisdiction": { "country_code": "JP", "subdivision_code": null }, "platform": { "organization_id": "sog_org_sbi_vc_trade", "name": "SBI VC Trade", "service": "VCTRADE" }, "function": "buy_sell", "access_state": "available", "effective_from": "2026-06-24", "effective_to": null, "observed_at": "2026-07-13", "network_scope": { "kind": "specific_networks", "network_ids": [ "ethereum" ], "note": "The reviewed VCTRADE RLUSD launch used Ethereum for platform deposit and withdrawal. The buy/sell record does not imply support for non-Ethereum transfer routes." }, "customer_scope": { "kind": "mixed_or_platform_defined", "note": "Limited to customers accepted by SBI VC Trade under its VCTRADE account, jurisdiction, eligibility, and compliance rules." }, "conditions": [ { "type": "transaction_limit", "description": "The reviewed launch announcement set the maximum buy/sell order at JPY 1 million equivalent and the minimum order quantity at 1 RLUSD." }, { "type": "service_condition", "description": "Availability and execution remain subject to VCTRADE maintenance, service terms, compliance checks, and platform controls." } ] }, { "id": "sog_ma_rlusd_jp_sbivc_vctrade_deposit_20260624", "jurisdiction": { "country_code": "JP", "subdivision_code": null }, "platform": { "organization_id": "sog_org_sbi_vc_trade", "name": "SBI VC Trade", "service": "VCTRADE" }, "function": "deposit", "access_state": "available", "effective_from": "2026-06-24", "effective_to": null, "observed_at": "2026-07-13", "network_scope": { "kind": "specific_networks", "network_ids": [ "ethereum" ], "note": "At the reviewed launch stage, VCTRADE accepted only Ethereum-network RLUSD deposits." }, "customer_scope": { "kind": "mixed_or_platform_defined", "note": "Limited to customers accepted by SBI VC Trade under its VCTRADE account, jurisdiction, eligibility, and compliance rules." }, "conditions": [ { "type": "network_support", "description": "Only Ethereum-network RLUSD was accepted at the reviewed launch stage." }, { "type": "service_condition", "description": "The reviewed launch announcement described fee-free deposits and 24/365 acceptance subject to maintenance, daily account limits, return of excess amounts, additional reflection time for large deposits, and possible reflection pauses under stated price-deviation conditions." } ] }, { "id": "sog_ma_rlusd_jp_sbivc_vctrade_external_wallet_transfer_20260624", "jurisdiction": { "country_code": "JP", "subdivision_code": null }, "platform": { "organization_id": "sog_org_sbi_vc_trade", "name": "SBI VC Trade", "service": "VCTRADE" }, "function": "external_wallet_transfer", "access_state": "restricted_network_scope", "effective_from": "2026-06-24", "effective_to": null, "observed_at": "2026-07-13", "network_scope": { "kind": "specific_networks", "network_ids": [ "ethereum" ], "note": "External RLUSD transfer through the reviewed VCTRADE withdrawal route was limited to Ethereum." }, "customer_scope": { "kind": "mixed_or_platform_defined", "note": "Limited to customers accepted by SBI VC Trade under its VCTRADE account, jurisdiction, eligibility, and compliance rules." }, "conditions": [ { "type": "network_support", "description": "External transfer was available through the withdrawal route only on Ethereum at the reviewed launch stage; this does not establish XRPL support." }, { "type": "withdrawal_limit", "description": "The external transfer route inherited the reviewed JPY 1 million-equivalent maximum per withdrawal request." } ] }, { "id": "sog_ma_rlusd_jp_sbivc_vctrade_withdrawal_20260624", "jurisdiction": { "country_code": "JP", "subdivision_code": null }, "platform": { "organization_id": "sog_org_sbi_vc_trade", "name": "SBI VC Trade", "service": "VCTRADE" }, "function": "withdrawal", "access_state": "available", "effective_from": "2026-06-24", "effective_to": null, "observed_at": "2026-07-13", "network_scope": { "kind": "specific_networks", "network_ids": [ "ethereum" ], "note": "At the reviewed launch stage, VCTRADE supported RLUSD withdrawal only on Ethereum." }, "customer_scope": { "kind": "mixed_or_platform_defined", "note": "Limited to customers accepted by SBI VC Trade under its VCTRADE account, jurisdiction, eligibility, and compliance rules." }, "conditions": [ { "type": "withdrawal_limit", "description": "The reviewed launch announcement set the maximum withdrawal at JPY 1 million equivalent per request and the minimum at 0.000000000000000001 RLUSD." }, { "type": "network_support", "description": "Only Ethereum-network RLUSD withdrawal was supported at the reviewed launch stage." }, { "type": "service_condition", "description": "Withdrawal requests were described as fee free and accepted 24/365 subject to maintenance, processing time, service controls, and repeated-transaction restrictions." } ] } ] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2024-12-17", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-05", "age_days": 39, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-05" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-05", "age_days": 39, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 3 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-05", "age_days": 39, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 9, "claim_scopes": [ "Ethereum_only_platform_transfer_scope", "JPY_1_million_buy_sell_limit", "JPY_1_million_withdrawal_limit", "Japan provider and legal-route scope", "Japan_handling_start", "Japan_market_plan", "RLUSD developer and integration documentation entry point", "RLUSD global launch and exchange availability beginning December 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"japan_provider_distribution_functions_network_limits_fees_conditions_and_regulatory_classification", "platform_service_and_reflection_conditions", "withdrawal" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 3, "topics": [ "deployment_identifiers", "redemption_terms", "reserve_attestation_history" ], "severity_counts": { "medium": 3 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-05", "age_days": 39, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_sai", "slug": "sai", "name": "Single-Collateral Dai", "symbol": "SAI", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "Single-Collateral Dai", "symbol": "SAI", "aliases": [ "SAI", "SCD", "Sai", "Single-Collateral Dai" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_makerdao_sky", "organization_name": "MakerDAO / Sky", "role": "protocol_operator", "status": "ended", "start_date": "2017-12-18", "end_date": "2019-11-18" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "migrated" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "target_value": 1, "notes": "SAI targeted one U.S. dollar through ETH-backed Single-Collateral Dai vaults before migration to Multi-Collateral Dai." } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "crypto_collateral" ], "reserve_components": [ { "id": "sog_rc_sai_crypto_collateral", "asset_category": "crypto_collateral", "asset_label": "Crypto collateral", "as_of_date": "2019-11-18", "confidence": "high" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "stale", "anchor_date": "2019-11-18", "age_days": 2430, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "overcollateralized_vault", "governance_model": "dao_governed" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "protocol_transparent_historical", "as_of_date": "2019-11-18", "latest_report_id": null, "confidence": "high" }, "reserve_report_count": 0, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "stale", "anchor_date": "2019-11-18", "age_days": 2430, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 0, "latest_report": null }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "terminated" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "terminated", "settlement_asset": "Migration into Multi-Collateral Dai or historical shutdown-settlement collateral", "eligible_parties": "Holders interacting with remaining migration or shutdown contracts, subject to contract state and Ethereum access.", "retail_access": "historical_contract_only", "institutional_access": "historical_contract_only", "minimum_amount_text": "Contract and gas dependent.", "fee_text": "Ethereum gas and any contract-specific settlement effects apply.", "settlement_time_text": "Ethereum transaction dependent.", "jurisdiction_restrictions": [], "as_of_date": "2026-06-14", "confidence": "medium" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "unclassified", "evidence_ids": [] } ], "holder_claim_type": "unknown", "reserve_ownership": "unknown", "reserve_segregation": "unknown", "bankruptcy_remoteness": "unknown", "licensed_or_regulated_as": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2017-12-18", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-14" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 2 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 3, "claim_scopes": [ "contract_identity", "ethereum_deployment", "identity_transition", "launch_date", "migration_event", "migration_mechanics", "redemption_exit" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 2, "topics": [ "final_supply_and_residual_holders", "remaining_migration_and_settlement_state" ], "severity_counts": { "medium": 1, "low": 1 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-14", "age_days": 30, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_sdai", "slug": "sdai", "name": "Savings DAI", "symbol": "sDAI", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "Savings DAI", "symbol": "sDAI", "aliases": [ "Savings DAI", "sDAI" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_makerdao_sky", "organization_name": "MakerDAO / Sky", "role": "protocol_operator", "status": "active", "start_date": null, "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "restricted" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "notes": "sDAI is denominated through its redeemable DAI share value and is not fixed at one DAI per token." } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "yield_bearing_stable_receipt" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "stablecoin_collateral" ], "reserve_components": [ { "id": "sog_rc_sdai_dai_batch_h", "asset_category": "stablecoin_collateral", "asset_label": "DAI deposited in the sDAI savings vault", "as_of_date": "2026-06-15", "confidence": "high" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "protocol_arbitrage", "governance_model": "dao_governed" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-24", "age_days": 20, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "underlying_dai_protocol_transparency", "as_of_date": "2026-06-15", "latest_report_id": "sog_rr_sdai_underlying_batch_h", "confidence": "medium" }, "reserve_report_count": 1, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-15", "age_days": 29, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 1, "latest_report": { "id": "sog_rr_sdai_underlying_batch_h", "report_type": "underlying_protocol_transparency", "report_date": null, "as_of_date": null, 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{ "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "protocol_based" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "protocol_based", "settlement_asset": "DAI", "eligible_parties": "Users able to access and operate the Blast bridge.", "retail_access": "protocol_bridge_available", "institutional_access": "protocol_bridge_available", "minimum_amount_text": "Not established in the reviewed public source set.", "fee_text": "Bridge and network fees may apply; exact terms require current bridge review.", "settlement_time_text": "Depends on bridge and network operation.", "jurisdiction_restrictions": [ "Protocol and interface access conditions apply.", "DAI bridge redemption is not direct fiat redemption." ], "as_of_date": "2026-07-13", "confidence": "high" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "protocol_asset", "jurisdiction": "Decentralized / protocol", "effective_from": "2024-02-29", "effective_to": null, "authority_or_basis": "Official Blast protocol, bridge, and contract documentation", "confidence": "high", "evidence_ids": [ "sog_src_usdb_docs_pr358", "sog_src_usdb_contract_pr358", "sog_src_usdb_about_pr358" ] } ], "holder_claim_type": "protocol_redemption_right", "reserve_ownership": "protocol_controlled", "reserve_segregation": "unclear", "bankruptcy_remoteness": "not_established", "licensed_or_regulated_as": [] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2024-02-29", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-07-13" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 3 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 3, "claim_scopes": [ "backing", "contract_identity", "deployment", "event", "identity", "income", "protocol_context", "protocol_operator", "redemption", "usdb_blast_mainnet_contract_identity", "usdb_identity_rebasing_yield_source_and_dai_bridge_redemption", "usdb_protocol_product_rebasing_and_dai_redemption_context" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 3, "topics": [ "bridge_custody_and_redemption_terms", "legal_claim_counterparty", "yield_source_and_governance" ], "severity_counts": { "high": 3 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_usdc", "slug": "usdc", "name": "USD Coin", "symbol": "USDC", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "USD Coin", "symbol": "USDC", "aliases": [ "USDC" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_circle", "organization_name": "Circle", "role": "legal_issuer", "status": "active", "start_date": "2018-09-26", "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "active" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "USD", "target_value": 1 } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "cash", "government_securities" ], "reserve_components": [ { "id": "sog_rc_usdc_cash", "asset_category": "cash", "asset_label": "Cash", "as_of_date": "2026-06-04", "confidence": "medium" }, { "id": "sog_rc_usdc_government_securities", "asset_category": "government_securities", "asset_label": "Government securities", "as_of_date": "2026-06-04", "confidence": "medium" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "issuer_redemption", "governance_model": "centralized" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "available", "as_of_date": "2026-06-04", "latest_report_id": null, "confidence": "medium" }, "reserve_report_count": 4, "reserve_component_count": 2 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 4, "latest_report": { "id": "sog_reserve_usdc_reserve_reports_entry", "report_type": "reserve_report_archive", "report_date": "2026-06-03", "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-03", "age_days": 41, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "restricted" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "institutional_only", "settlement_asset": "USD", "eligible_parties": "Eligible Circle Mint customers; retail access is generally indirect through partners and markets.", "retail_access": "indirect_via_partners", "institutional_access": "available_through_circle_mint_subject_to_terms", "minimum_amount_text": "Subject to current Circle terms.", "fee_text": "Subject to current Circle terms.", "settlement_time_text": "Subject to Circle Mint and banking operations.", "jurisdiction_restrictions": [ "Account type and jurisdiction restrictions apply." ], "as_of_date": "2026-06-04", "confidence": "medium" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "fiat_backed_stablecoin", "jurisdiction": "United States / non-EEA USDC terms scope", "effective_from": null, "effective_to": null, "authority_or_basis": "Circle USDC Terms", "confidence": "high", "evidence_ids": [ "sog_src_usdc_terms_pr354" ] } ], "holder_claim_type": "direct_claim_on_issuer", "reserve_ownership": "issuer_owned_for_holders", "reserve_segregation": "stated_segregated", "bankruptcy_remoteness": "unknown", "licensed_or_regulated_as": [ "U.S. state money-transmission and virtual-currency licensing context" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 2, "records": [ { "id": "sog_reg_usdc_svb_2023_banking_context", "note_type": "banking_context", "note_date": "2023-03-11", "jurisdiction": "United States", "authority_or_source": "Circle", "summary": "Circle disclosed USDC reserve exposure to Silicon Valley Bank during the March 2023 banking crisis. SOG records this as banking/regulatory context connected to the recovered USDC depeg event." }, { "id": "sog_reg_usdc_2023_reopening_context", "note_type": "issuer_operational_notice", "note_date": "2023-03-12", "jurisdiction": "United States", "authority_or_source": "Circle", "summary": "Circle stated that USDC operations would open for business after U.S. federal banking actions during the March 2023 banking weekend. SOG records this as recovery context connected to the recovered depeg event." } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "canonical_records_present", "record_count": 4, "records": [ { "id": "sog_ma_usdc_jp_sbivc_vctrade_buy_sell_20250326", "jurisdiction": { "country_code": "JP", "subdivision_code": null }, "platform": { "organization_id": null, "name": "SBI VC Trade", "service": "VCTRADE" }, "function": "buy_sell", "access_state": "available", "effective_from": "2025-03-26", "effective_to": null, "observed_at": "2026-07-10", "network_scope": { "kind": "specific_networks", "network_ids": [ "ethereum" ], "note": "The reviewed launch-stage USDC service used the Ethereum network." }, "customer_scope": { "kind": "mixed_or_platform_defined", "note": "Limited to customers accepted by SBI VC Trade under its account, jurisdiction, eligibility, and compliance rules." }, "conditions": [ { "type": "transaction_limit", "description": "SBI VC Trade announced a JPY 1 million-equivalent limit per buy/sell transaction at the reviewed launch stage." }, { "type": "service_condition", "description": "Availability and execution remain subject to SBI VC Trade service terms, maintenance, compliance checks, and platform controls." } ] }, { "id": "sog_ma_usdc_jp_sbivc_vctrade_deposit_20250326", "jurisdiction": { "country_code": "JP", "subdivision_code": null }, "platform": { "organization_id": null, "name": "SBI VC Trade", "service": "VCTRADE" }, "function": "deposit", "access_state": "available", "effective_from": "2025-03-26", "effective_to": null, "observed_at": "2026-07-10", "network_scope": { "kind": "specific_networks", "network_ids": [ "ethereum" ], "note": "At the reviewed launch stage, SBI VC Trade accepted USDC deposits only on Ethereum." }, "customer_scope": { "kind": "mixed_or_platform_defined", "note": "Limited to customers accepted by SBI VC Trade under its account, jurisdiction, eligibility, and compliance rules." }, "conditions": [ { "type": "network_support", "description": "Only Ethereum-network USDC was accepted at the reviewed launch stage." }, { "type": "service_condition", "description": "Deposits above the announced threshold could require additional time before account reflection, and deposit reflection could be paused under stated platform conditions." } ] }, { "id": "sog_ma_usdc_jp_sbivc_vctrade_external_wallet_transfer_20250326", "jurisdiction": { "country_code": "JP", "subdivision_code": null }, "platform": { "organization_id": null, "name": "SBI VC Trade", "service": "VCTRADE" }, "function": "external_wallet_transfer", "access_state": "restricted_network_scope", "effective_from": "2025-03-26", "effective_to": null, "observed_at": "2026-07-10", "network_scope": { "kind": "specific_networks", "network_ids": [ "ethereum" ], "note": "External USDC transfer through the reviewed withdrawal route was limited to Ethereum." }, "customer_scope": { "kind": "mixed_or_platform_defined", "note": "Limited to customers accepted by SBI VC Trade under its account, jurisdiction, eligibility, and compliance rules." }, "conditions": [ { "type": "network_support", "description": "External transfer was available through the withdrawal route only on Ethereum at the reviewed launch stage." }, { "type": "withdrawal_limit", "description": "The reviewed external transfer route inherited the announced JPY 1 million-equivalent per-withdrawal limit." } ] }, { "id": "sog_ma_usdc_jp_sbivc_vctrade_withdrawal_20250326", "jurisdiction": { "country_code": "JP", "subdivision_code": null }, "platform": { "organization_id": null, "name": "SBI VC Trade", "service": "VCTRADE" }, "function": "withdrawal", "access_state": "available", "effective_from": "2025-03-26", "effective_to": null, "observed_at": "2026-07-10", "network_scope": { "kind": "specific_networks", "network_ids": [ "ethereum" ], "note": "At the reviewed launch stage, SBI VC Trade supported USDC withdrawal only on Ethereum." }, "customer_scope": { "kind": "mixed_or_platform_defined", "note": "Limited to customers accepted by SBI VC Trade under its account, jurisdiction, eligibility, and compliance rules." }, "conditions": [ { "type": "withdrawal_limit", "description": "SBI VC Trade announced a JPY 1 million-equivalent limit per withdrawal at the reviewed launch stage." }, { "type": "network_support", "description": "Only Ethereum-network USDC withdrawal was supported at the reviewed launch stage." }, { "type": "service_condition", "description": "Withdrawal processing time and availability remain subject to SBI VC Trade service controls and maintenance." } ] } ] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "fresh", "anchor_date": "2026-07-10", "age_days": 4, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": "2018-09-26", "unresolved_tracking": "not_applicable" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-06-04" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 2 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 12, "claim_scopes": [ "Ethereum-only network support at the reviewed launch stage", "JPY 1 million-equivalent buy/sell transaction limit", "JPY 1 million-equivalent withdrawal limit", "Japan provider and legal-route scope", "RLUSD listed among electronic payment instruments handled by SBI VC Trade", "SBI VC Trade registration as an electronic payment instrument service provider", "USDC buy and sell availability on SBI VC Trade VCTRADE", "USDC deposit availability", "USDC external wallet transfer through supported withdrawal", "USDC listed among electronic payment instruments handled by SBI VC Trade", "USDC withdrawal availability", "depeg_event", "depeg_recovery", "depeg_recovery_context", "deployment_contracts", "entity_redemption", "holder redemption right, Circle Mint eligibility, reserve ownership for users, reserve segregation, and one-to-one redemption", "platform service conditions", "redemption_access", "reserve", "reserve_history", "reserve_report" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 2, "topics": [ "chain_deployment_status", "historical_low_price" ], "severity_counts": { "medium": 2 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-04", "age_days": 40, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_usdd", "slug": "usdd", "name": "USDD", "symbol": "USDD", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "USDD", "symbol": "USDD", "aliases": [ "Decentralized USD", "USDD" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-02", "age_days": 42, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_tron_dao_reserve", "organization_name": "TRON DAO Reserve", "role": "reserve_manager", "status": "active", "start_date": "2022-05-05", "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-02", "age_days": 42, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "active" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-06-02", "age_days": 42, "date_semantics": 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"market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": null, "unresolved_tracking": "tracked_unknown" }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-07-13" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 3 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 3, "claim_scopes": [ "deployment", "event", "identity", "issuer", "jurisdiction", "launch_context", "organization_identity", "redemption", "reserve", "secondary_launch_network_reserve_and_redemption_context", "straitsx_singapore_organization_and_platform_context", "xusd_identity_reserve_redemption_attestation_and_deployment_context" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 3, "topics": [ "launch_date", "legal_issuer_identity", "reserve_segregation_and_bankruptcy_remoteness" ], "severity_counts": { "medium": 1, "high": 2 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-13", "age_days": 1, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] }, { "asset_id": "sog_st_zarp", "slug": "zarp", "name": "ZARP Stablecoin", "symbol": "ZARP", "overall_readiness": "ready_with_unknowns", "facets": [ { "dimension_id": "identity_consistency", "value": { "name": "ZARP Stablecoin", "symbol": "ZARP", "aliases": [ "ZARP", "ZARP Stablecoin" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "issuer_asset_boundary", "value": { "relationships": [ { "organization_id": "sog_issuer_zarp_stablecoin", "organization_name": "ZARP Stablecoin (Pty) Ltd", "role": "legal_issuer", "status": "active", "start_date": null, "end_date": null } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_relationship_surface", "inherited_review_anchor": true } }, { "dimension_id": "lifecycle_semantics", "value": { "lifecycle_status": "active" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reference_target_and_currency", "value": { "peg_reference": { "kind": "fiat", "asset": "ZAR", "target_value": 1, "notes": "ZARP targets one South African rand per token. Direct issuance and redemption are restricted to approved ZARP Partners." } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "asset_class", "value": { "asset_class": "stablecoin" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "backing_model_representation", "value": { "backing_types": [ "cash", "cash_equivalents" ], "reserve_components": [ { "id": "sog_rc_zarp_zar_reserve_batch_x", "asset_category": "cash_equivalents", "asset_label": "South African rand-denominated treasury reserves managed by Old Mutual Wealth", "as_of_date": "2026-07-09", "confidence": "high" } ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "stabilization_mechanism_representation", "value": { "stabilization_mechanism": "issuer_redemption", "governance_model": "centralized" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "reserve_disclosure_comparability", "value": { "reserve_profile": { "disclosure_status": "current_transparency_dashboard_and_independent_attestation", "as_of_date": "2026-07-09", "latest_report_id": "sog_rr_zarp_current_batch_x", "confidence": "high" }, "reserve_report_count": 1, "reserve_component_count": 1 }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "reserve_report_date_semantics", "value": { "reserve_report_count": 1, "latest_report": { "id": "sog_rr_zarp_current_batch_x", "report_type": "current_treasury_dashboard_and_independent_attestation_program", "report_date": null, "as_of_date": null, "period_start": null, "period_end": null } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "source_report_date", "inherited_review_anchor": false } }, { "dimension_id": "issuance_comparability", "value": { "issuance_status": "restricted" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_classification_surface", "inherited_review_anchor": true } }, { "dimension_id": "redemption_comparability", "value": { "redemption_profile": { "status": "eligible_customers_only", "settlement_asset": "ZAR", "eligible_parties": "Approved ZARP Partners using authorised wallets and institution-name bank accounts.", "retail_access": "through_approved_licensed_partners", "institutional_access": "approved_zarp_partners", "minimum_amount_text": "No universal minimum is asserted in the reviewed public sources.", "fee_text": "No universal issuer redemption fee is asserted in the reviewed public sources.", "settlement_time_text": "Official documentation describes token destruction followed by corresponding fiat payment to the Partner bank account; no universal settlement SLA is asserted.", "jurisdiction_restrictions": [ "Direct issuer issuance and redemption are limited to approved ZARP Partners.", "Partner onboarding, authorised wallet, institution-name bank account, KYC, AML, and FICA requirements apply." ], "as_of_date": "2026-07-09", "confidence": "high" } }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "profile_as_of_date", "inherited_review_anchor": false } }, { "dimension_id": "legal_classification_comparability", "value": { "classifications": [ { "classification": "fiat_backed_stablecoin", "jurisdiction": "South Africa", "effective_from": null, "effective_to": null, "authority_or_basis": "ZARP current product, transparency, compliance, issuance, and redemption documentation", "confidence": "high", "evidence_ids": [ "sog_src_zarp_home_batch_x", "sog_src_zarp_transparency_batch_x", "sog_src_zarp_compliance_batch_x" ] } ], "holder_claim_type": "contractual_conversion_right", "reserve_ownership": "issuer_owned_for_holders", "reserve_segregation": "stated_segregated", "bankruptcy_remoteness": "unknown", "licensed_or_regulated_as": [ "Some services provided as representative of Inves Capital (Pty) Ltd per current disclosure", "ZARP Stablecoin CASP licence pending per current disclosure" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "undated", "anchor_date": null, "age_days": null, "date_semantics": "explicit_legal_review_date_only", "inherited_review_anchor": false } }, { "dimension_id": "regulatory_action_scope", "value": { "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "explicit_review_or_last_checked_date_only", "inherited_review_anchor": false } }, { "dimension_id": "market_access_applicability", "value": { "record_state": "no_canonical_record", "record_count": 0, "records": [] }, "readiness": { "state": "ready_with_unknowns", "scored": false }, "freshness": { "state": "no_canonical_record", "anchor_date": null, "age_days": null, "date_semantics": "observation_date", "inherited_review_anchor": false } }, { "dimension_id": "launch_date_semantics", "value": { "launch_date": null, "unresolved_tracking": "tracked_unknown" }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_not_launch_date", "inherited_review_anchor": false } }, { "dimension_id": "verification_date_semantics", "value": { "last_verified_at": "2026-07-09" }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date", "inherited_review_anchor": false } }, { "dimension_id": "unknown_state_semantics", "value": { "protected_unresolved_state_visible": true, "known_unknown_count": 3 }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "review_date_proxy_for_unknown_state_surface", "inherited_review_anchor": true } }, { "dimension_id": "evidence_scope_and_relation_depth", "value": { "evidence_count": 7, "claim_scopes": [ "approved_partner_minting_authorised_wallet_bank_account_and_one_to_one_issuance_flow", "approved_partner_redemption_token_destruction_and_zar_bank_settlement_flow", "attestation", "backing", "banking_flow", "burn", "canonicality", "compliance", "contract_address", "current_native_network_support_exact_identifiers_and_solana_token_2022_migration_context", "current_partner_compliance_kya_aml_fica_reserve_management_and_issuer_regulatory_disclosure", "current_treasury_reserves_supply_coverage_old_mutual_wealth_and_attestation_context", "current_zarp_identity_one_to_one_backing_redemption_and_network_context", "custody", "dated_solana_token_2022_migration_announcement_index", "deployment_networks", "event_date", "identity", "issuance_access", "issuer", "issuer_status", "migration", "minting", "network", "partner_eligibility", "redemption", "regulatory_status", "reserve", "settlement", "supply" ] }, "readiness": { "state": "ready", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "evidence_access_date", "inherited_review_anchor": false } }, { "dimension_id": "known_unknown_visibility", "value": { "record_count": 3, "topics": [ "deployment_lineage", "launch_date", "reserve_reporting" ], "severity_counts": { "medium": 3 } }, "readiness": { "state": "ready_with_unknowns", "scored": true }, "freshness": { "state": "fresh", "anchor_date": "2026-07-09", "age_days": 5, "date_semantics": "known_unknown_last_checked_date", "inherited_review_anchor": false } } ] } ] }