Main Street msUSD Stablecoin Collapses After Depeg Amidst On-Chain Liquidations
The msUSD stablecoin from Main Street has depegged, collapsing 90% on June 20, 2026, due to on-chain liquidations and liquidity imbalances.
Crypto News·
MSUSD traded near $0.378 after losing its dollar peg, as Morpho’s msY/USDC market hit 100% utilization amid proof-of-reserve concerns.
Read full articleThe msUSD stablecoin from Main Street has depegged, collapsing 90% on June 20, 2026, due to on-chain liquidations and liquidity imbalances.
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