Stablecoin record
Cashio Dollar
Solana stablecoin backed through Saber-related LP collateral before a March 2022 infinite-mint exploit collapsed the asset and protocol.
LifecycleCollapsed
Events4
Sources3
| Symbol | CASH |
|---|---|
| Asset class | Stablecoin |
| Reference target | Fiat |
| Redemption / exit model | Terminated |
| Valuation source | Public information is incomplete |
| Yield / rebase profile | None recorded |
| Classification notes | Solana LP-collateralized stablecoin collapsed after an infinite-mint exploit. |
| Lifecycle status | Collapsed |
| Issuance status | Terminated |
| Peg reference | Fiat · USD |
| Backing types | Stablecoin Collateral, Other |
| Stabilization | Overcollateralized Vault |
| Governance | Protocol Governed |
| Primary organization | Cashio |
| Primary role | Protocol Operator |
| Last reviewed | 2026-06-17 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| Cashio | Protocol Operator | — | 2022-03-23 | Ended |
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Cashio
Decentralized Protocol · Decentralized / Solana
Event history
4 events connected to this stablecoin.
| Disclosure status | Historical Protocol Model |
|---|---|
| Backing types | Stablecoin Collateral, Other |
| Summary | CASH was collateralized through Saber-related LP and interest-bearing LP positions before the exploit. |
| As of | 2022-03-23 |
| Profile confidence | High |
| Current status | Terminated |
|---|---|
| Settlement asset | No recorded change |
| Eligible parties | No functioning route documented after the exploit. |
| 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 | 4 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| — | Cashio Dollar launches on Solana | Launch | Launch | — |
| 2022-03-23 | Infinite-mint exploit compromises Cashio | Exploit | Security Incident | — |
| 2022-03-23 | CASH peg collapses after exploit | Depeg | Depeg | Collapsed |
| 2022-03-23 | Cashio ceases practical operation | Shutdown Effective | Termination | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| — | Cashio / CertiK | Historical Collateral Model | Stablecoin Collateral, Liquidity Pool Tokens | High |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Solana | SPL Token | Historical Protocol Native Token | Inactive | Unknown | Unknown | 1 | Not yet verified | Historical CASH mint; exact mint address remains for a contract normalization pass. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| Cashio protocol repository | Cashio | Official Repository | Identity, Solana, Protocol Code, Entity and Contracts | High |
| Stablecoin Cashio Suffers Infinite Glitch Exploit, TVL Drops by $28M | CoinDesk | News Article | Exploit Date, Infinite Mint, Peg Collapse, Security Incident | High |
| Cashio App Incident Analysis | CertiK | Security Analysis | Exploit Mechanism, Loss Estimate, Remediation, Security Incident | High |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Loss and Exposure Measurement | Published figures differ between TVL loss and gross affected asset estimates, commonly around $28 million and approximately $52 million. | High | 2026-06-17 |
| Victim Repayment and Remaining Liabilities | The final scope of repayments, recoveries, and unresolved victim claims is not normalized. | High | 2026-06-17 |