Event record
Record sog_ev_usk_winddown_2025
Rujira announces USK wind-down and repayment-only state
Rujira announced that USK would wind down, interest would increase gradually to encourage debt repayment, and Kujira debt products including USK minting had been set to repayment-only so users could not take on new debt.
- Date
- 2025-06-30
- Category
- Wind-down and termination
- Subtype
- Wind Down Announced
- Status effect
- Restricted or impaired
- Recovery
- Not applicableNot yet recorded
- Evidence
- 1 source record1 relations
Identity and classification
Overview
Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.| Date | 2025-06-30 |
|---|---|
| Public event category | Wind-down and termination |
| Canonical event subtype | Wind Down Announced |
| Structured detail kind | Other |
| Stablecoin subjects | Kujira USK |
| Organization subjects | Kujira |
| Impact | High |
| Effect on stablecoin lifecycle | Restricted or impaired |
| Canonical status-effect value | Restricted |
| Recovery or reversal | Not applicable |
| Recovery date | Not Applicable |
| Cause or mechanism | orderly_wind_down |
| Structured detail coverage | Description and source record only |
| Record confidence | High |
- Date
- 2025-06-30
- Public category
- Wind-down and termination
- Canonical subtype
- Wind Down Announced
- Structured detail kind
- Other
- Impact
- High
- Status effect
- Restricted or impaired
- Recovery
- Not applicable
- Recovery date
- Not yet recorded
- Cause or mechanism
- orderly_wind_down
- Record confidence
- High
Affected records
Subjects
Stablecoin and organization subjects remain separate record groups.Kujira USK
Open the stablecoin dossier for current state, organizations, deployments, evidence, and unknowns.
Kujira
Open the organization record for roles, relationships, events, evidence, and unknowns.
Provenance
Evidence
Source identity, publisher, publication date, reliability, archive, and relation count remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Introduction to the Merge Published 2025-06-30 | Rujira | Official statement or announcement Canonical: Official Statement | Subject-controlled source | Primary source | Wind Down, Interest Increase, Repayment Only, New Debt Disabled, Network Transition, Usk Wind Down and Repayment Only State | Archive index or wildcard | High |
Introduction to the Merge
- Publisher
- Rujira
- Published
- 2025-06-30
- Reliability
- High
- Relations
- 1
Maintenance