> guide --lifecycle
Stablecoin Lifecycle Terms
SOG records stablecoins as historical entities. A token can launch, migrate, rebrand, wind down, fail, or continue trading after failure in a different lifecycle context.
| launch | The initial release or public availability of a stablecoin or protocol asset. |
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| migration | A move to a new token, contract, chain, issuer structure, or protocol design. |
| rebrand | A name or brand change that may or may not involve a technical migration. |
| wind-down | A planned or announced process to end issuance, support, redemption, or exchange availability. |
| failure | A severe lifecycle outcome where the stablecoin did not return as a functioning stablecoin. |
| post-collapse trading | Market trading after failure. This is not the same as restored peg or recovered stablecoin status. |
| UST | Failed status is tied to the May 2022 collapse. USTC post-collapse trading is treated separately. |
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| BUSD | Discontinued status is tied to issuer wind-down, not a depeg collapse. |
| DAI | DAI and Sky-related successor or parallel asset context needs source-backed lifecycle handling. |
| LUSD | LUSD V1 and Liquity V2/BOLD context should be separated rather than merged into one vague record. |
| Read next | Status vs Event · Glossary · Events |
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