Record sog_issuer_decentral_bank
Decentral Bank
DAO that launched, operated, changed, and wound down the NEAR-native USN stablecoin.
- Category
- DAO or governance body
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Decentralized / NEAR ecosystemDecentralized or protocol-based
- Connected assets
- 1
- Relationships
- 0 current1 historical
- Evidence
- 4 source records
Identity and taxonomy
Overview
Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.| Organization category | DAO or governance body |
|---|---|
| Canonical organization type | Decentralized Autonomous Organization |
| Legal form | Not recorded in canonical data |
| Legal-form state | Not Recorded |
| Regulatory character | Protocol or decentralized system |
| Jurisdiction | Decentralized / NEAR ecosystem |
| Jurisdiction scope | Decentralized or protocol-based |
| Functional roles | Protocol operator |
| Relationship states | Ended relationship |
| Primary display relationships | 1 |
| Official website | https://medium.com/@dcntrlbank |
| Record confidence | High |
| Last reviewed | 2026-06-29 |
- Category
- DAO or governance body
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Decentralized / NEAR ecosystem
- Jurisdiction scope
- Decentralized or protocol-based
- Functional roles
- Protocol operator
- Record confidence
- High
Connected assets
Relationships
Current, ended, and unknown relationships remain separate. Primary display is navigation only.| Stablecoin | Symbol | Functional role | Display | From | Until | State | Lifecycle |
|---|---|---|---|---|---|---|---|
| USN | USN | Protocol operator | Primary display | 2022-04-25 | 2022-10-24 | Ended relationship | Inactive |
USN
Primary display- Role
- Protocol operator
- State
- Ended relationship
- From
- 2022-04-25
- Until
- 2022-10-24
Material history
Events
Typed events and organization control actions remain linked to evidence.| Date | Event | Category | Subtype | Status effect |
|---|---|---|---|---|
| 2022-10-24 | USN enters controlled wind-down | Wind-down and termination | Shutdown Effective | Entered wind-down |
| 2022-06-30 | USN v2 shifts to USDT backing | Governance and protocol change | Protocol Model Update | Remained active |
| 2022-04-25 | USN launches on NEAR | Launch and introduction | Launch | Remained active |
USN enters controlled wind-down
Wind-down and termination · Shutdown Effective
Entered wind-downUSN v2 shifts to USDT backing
Governance and protocol change · Protocol Model Update
Remained activeUSN launches on NEAR
Launch and introduction · Launch
Remained activeProvenance
Evidence
Source identity, publication date, reliability, archive state, and relation count remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Decentral Bank launches USN Published 2022-04-25 | Decentral Bank / NEAR Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Launch Date, Identity, Backing, Minting, Launch Identity Reserve and Minting | Archive index or wildcard | High |
| USN v2.0 moves to USDT backing Published 2022-06-30 | Decentral Bank / NEAR Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Reserve Change, Minting, Redemption, Lifecycle, Reserve Model Transition | Archive index or wildcard | High |
| USN wind down message Published 2022-10-24 | Decentral Bank | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Discontinued Date, Lifecycle, Minting Halt, Redemption, Wind Down Minting Halt and Exit Routes | Archive index or wildcard | High |
| NEAR launches USN Protection Programme Published 2022-10-24 | NEAR Foundation | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Reserve Shortfall, Protection Program, Redemption, Lifecycle, Undercollateralization and Protection Program | Archive index or wildcard | High |
Decentral Bank launches USN
- Publisher
- Decentral Bank / NEAR Protocol
- Published
- 2022-04-25
- Reliability
- High
USN v2.0 moves to USDT backing
- Publisher
- Decentral Bank / NEAR Protocol
- Published
- 2022-06-30
- Reliability
- High
USN wind down message
- Publisher
- Decentral Bank
- Published
- 2022-10-24
- Reliability
- High
NEAR launches USN Protection Programme
- Publisher
- NEAR Foundation
- Published
- 2022-10-24
- Reliability
- High
Uncertainty
Known unknowns
Reviewed gaps remain visible instead of being converted into false certainty.final_supply_and_residual_market_state
Final burned supply, residual circulating tokens, and later market state remain unresolved.
- Severity
- High
- Last checked
- 2026-06-29
Wind-down does not prove every token was redeemed or destroyed.
protection_program_terminal_date_and_settlement
The final close date, total claims, payout completion, and residual obligations of the Protection Programme are incomplete.
- Severity
- High
- Last checked
- 2026-06-29
Do not infer full settlement from programme launch.
undercollateralization_and_final_reserve_reconciliation
The full chronology and final reconciliation of the reserve shortfall remain incomplete.
- Severity
- High
- Last checked
- 2026-06-29
Official sources establish the response, not every accounting detail.
aurora_representation_and_liquidity_end_state
The complete Aurora representation, bridge, contract, and liquidity end state remains unresolved.
- Severity
- Medium
- Last checked
- 2026-06-29
NEAR-native and Aurora representations must remain distinct.
v1_v2_contract_and_authority_history
The complete v1 and v2 contract inventory, upgrade continuity, reserve controls, and shutdown state remain incomplete.
- Severity
- Medium
- Last checked
- 2026-06-29
The core usn account is recorded; later boundaries need source review.
Maintenance