Stablecoin event
Basis Cash fails to sustain its target peg
The BAC/BAB/BAS seigniorage system failed to restore durable dollar parity and ceased to function as a relevant stable asset system.
ImpactCritical
Detail kindTermination
Sources0
Basis Cash
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Basis Cash
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| Date | — |
|---|---|
| Event type | Peg Failure |
| Event detail kind | Termination |
| Stablecoin subjects | Basis Cash |
| Organization subjects | Basis Cash |
| Impact | Critical |
| Effect on stablecoin status | Failed |
| Recovery / reversal | Not applicable / unresolved |
| Recovery date | — |
| Cause or mechanism | Public information is incomplete. |
| Record confidence | Medium |
| Source | Publisher | Type | Evidence scope |
|---|---|---|---|
| No event-specific sources have been added yet. | |||
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