6Institutional TransitionNewJun 21, 2026
Morpho AlphaUSDC Vault Faces $18M Loss as msY Token Collapses; Main Street msUSD De-Pegs 90%
Morpho Blue's AlphaUSDC Delta V2 vault faced an $18 million loss as the msY token collapsed. Separately, Main Street's msUSD stablecoin lost its dollar peg and crashed approximately 90%, representing a distinct stablecoin de-peg event.
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, 20264MainStreet 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, 20266· this storyMorpho AlphaUSDC Vault Faces $18M Loss as msY Token Collapses; Main Street msUSD De-Pegs 90%
Sources · 2
- Morpho Blue’s AlphaUSDC Delta V2 vault faces $18M loss as msY token collapsescryptobriefing.com · T2
- Main Street msUSD Stablecoin Loses Dollar Peg and Crashes 90%beincrypto.com · T2