Stablecoin record
Acala Dollar / aUSD Seed
Acala's former overcollateralized aUSD stablecoin, affected by the 2022 erroneous-mint incident and later converted one-to-one into the aSEED recovery and treasury asset.
LifecycleMigrated
Events4
Sources3
| Symbol | aSEED |
|---|---|
| Asset class | Stablecoin |
| Reference target | Fiat |
| Redemption / exit model | Protocol Based |
| Valuation source | Public information is incomplete |
| Yield / rebase profile | None recorded |
| Classification notes | One continuous identity: overcollateralized aUSD was renamed and converted into aSEED through Acala governance. |
| Lifecycle status | Migrated |
| Issuance status | Terminated |
| Peg reference | Fiat · USD |
| Backing types | Crypto Collateral, Mixed |
| Stabilization | Hybrid |
| Governance | DAO Governed |
| Primary organization | Acala Network |
| Primary role | Protocol Operator |
| Last reviewed | 2026-06-17 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| Acala Network | Protocol Operator | — | — | Active |
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Acala Network
Decentralized Protocol · Decentralized / Polkadot
Event history
4 events connected to this stablecoin.
| Disclosure status | Protocol Governance Transparency |
|---|---|
| Backing types | Crypto Collateral, Mixed |
| Summary | aUSD was originally minted against multi-collateral vaults; aSEED is governed as a recovery and treasury asset after conversion. |
| As of | 2026-06-17 |
| Profile confidence | High |
| Current status | Protocol Based |
|---|---|
| Settlement asset | Supported Treasury Assets |
| Eligible parties | aSEED holders using supported Acala redemption routes. |
| Retail access | Protocol Based Subject to Access |
| Institutional access | Protocol Based Subject to Access |
| Minimum amount | Protocol transaction dependent. |
| Fee | Protocol and network fees may apply. |
| Settlement time | Onchain and governance-route dependent. |
| Regional limits | Interface and network restrictions may apply. |
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 3 |
| Reserve reports | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 4 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| 2022-02-10 | Acala launches aUSD | Launch | Launch | — |
| 2022-08-14 | Erroneous aUSD mint disrupts Acala | Erroneous Mint Incident | Security Incident | — |
| 2022-09-26 | Acala restores aUSD collateralization and operations | Recovery | Other | — |
| 2023-07-20 | aUSD converts one-to-one into aSEED | Token Migration | Migration | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| — | Acala | Protocol Collateral and Migration Disclosure | Crypto Collateral, Treasury Assets | High |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Acala | Substrate Asset / EVM mirror | Protocol Native Asset | Active | Unknown | Unknown | 1 | 0x0000000000000000000100000000000000000001 | Same asset registry entry transitioned from aUSD to aSEED; Karura counterpart is not normalized in this batch. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| Acala Launches Polkadot Native Stablecoin aUSD | Acala | Official Blog | Launch, Multicollateral Model, Launch and Model | High |
| Acala Incident Report 14/08/2022 | Acala | Official Incident Report | Error Mint, Governance Burn, Recovery, Security Incident and Recovery | High |
| aUSD SEED aSEED | Acala | Official Documentation | One to One Conversion, Asset Registry Update, Same Identity, Redemption, Migration | High |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Complete Error Mint Trace and Recovery | Official reports document large burns and recovery, but every traced transfer and residual economic effect is not normalized. | Medium | 2026-06-17 |
| Aseed Redemption Value and Treasury Coverage | aSEED is not asserted to maintain a continuous one-dollar market peg; redemption value and treasury coverage depend on protocol governance and available assets. | High | 2026-06-17 |