4Institutional TransitionProgressed· since 2026-06-21Jun 22, 2026
MainStreet Defends MSUSD Backing Following 85% Price Drop
MainStreet publicly defended the collateral backing of its MSUSD stablecoin following an 85% price drop from its dollar peg. The defense was issued in response to questions about the instrument's structural stability following the de-peg event.
MainStreet publicly defended the MSUSD stablecoin backing after the 85% de-peg event reported the prior day.
Story timeline · 3 days
- Jun 23, 20265Main Street msUSD Collapses; Re7 Labs Opens $223K USDC Compensation Pool
Re7 Labs opened a $223K USDC compensation pool for USR exploit victims; MainStreet msUSD collapse details reiterated.
- Jun 22, 20264· this storyMainStreet Defends MSUSD Backing Following 85% Price Drop
MainStreet publicly defended the MSUSD stablecoin backing after the 85% de-peg event reported the prior day.
- Jun 21, 20266Morpho AlphaUSDC Vault Faces $18M Loss as msY Token Collapses; Main Street msUSD De-Pegs 90%
Sources · 1
- MainStreet defends MSUSD backing after 85% price dropcrypto.news · T2