Stablecoin record
Basis Cash
Unbacked algorithmic dollar asset using BAC, Basis Bonds, and Basis Shares in a three-token seigniorage design that failed to sustain its target peg.
LifecycleCollapsed
Events1
Sources3
| Symbol | BAC |
|---|---|
| Asset class | Stablecoin |
| Reference target | Fiat |
| Redemption / exit model | Terminated |
| Valuation source | Public information is incomplete |
| Yield / rebase profile | None recorded |
| Classification notes | BAB and BAS are related mechanism tokens rather than separate stable assets. |
| Lifecycle status | Collapsed |
| Issuance status | Terminated |
| Peg reference | Fiat · USD |
| Backing types | Unbacked |
| Stabilization | Algorithmic Supply |
| Governance | Protocol Governed |
| Primary organization | Basis Cash |
| Primary role | Protocol Operator |
| Last reviewed | 2026-06-17 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| Basis Cash | Protocol Operator | — | — | Ended |
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Basis Cash
Decentralized Protocol · Decentralized
Event history
1 event connected to this stablecoin.
| Disclosure status | Not Applicable |
|---|---|
| Backing types | Unbacked |
| Summary | BAC used an unbacked three-token seigniorage mechanism rather than reserves. |
| As of | 2026-06-17 |
| Profile confidence | High |
| Current status | Terminated |
|---|---|
| Settlement asset | No recorded change |
| Eligible parties | None documented. |
| Retail access | Not Available |
| Institutional access | Not Available |
| Minimum amount | Not applicable. |
| Fee | Not applicable. |
| Settlement time | Not applicable. |
| Regional limits |
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 3 |
| Reserve reports | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 1 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| — | Basis Cash fails to sustain its target peg | Peg Failure | Termination | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| — | Basis Cash | Historical Protocol Model | Unbacked | High |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Ethereum | ERC-20 | Historical Protocol Native Token | Inactive | Unknown | Unknown | 0 | Not yet verified | Historical BAC deployment; BAB and BAS are related mechanism tokens. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| Basis Cash protocol | Basis Cash | Official Repository | Identity, BAC, BAB, BAS, Mechanism, Entity and Model | High |
| Basis Cash documentation archive | Basis Cash | Official Documentation | Seigniorage Model, Bond and Share Tokens, Protocol Model | High |
| Basis Cash historical website archive | Basis Cash | Archive Capture | Historical Site, Terminal Uncertainty, Historical Entity | Medium |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Exact Terminal Date | The exact point at which Basis Cash governance and protocol operations ceased is not established by a definitive shutdown notice. | High | 2026-06-17 |
| Bab Bas Terminal and Contract History | Complete contract and terminal histories for BAB and BAS are outside this canonical stablecoin record. | Medium | 2026-06-17 |