Main Street USD (msUSD) lost its dollar peg after Accountable ended its agreement with the protocol, sending the token to around $0.29.
According to NS3.AI, msUSD is down roughly 71% over 24 hours, with a market value near $30.5 million.
Accountable said Main Street could not meet its standards, and its dashboard no longer verifies the reserves backing msUSD.
Another token, msY, also dropped sharply as Morpho’s msY/USDC market showed extreme illiquidity.
Main Street USD Falls to $0.29 After Losing Dollar Peg as Accountable Ends Agreement
2026-06-20 20:31:58
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