Main Street Finance’s msUSD fell as low as $0.27 after its proof-of-reserves dashboard was shut down, raising questions about the stablecoin’s reserves. According to NS3.AI, the dashboard shutdown prompted renewed scrutiny of whether msUSD is adequately backed.
Accountable said it was terminating its asset verification services with msUSD’s issuer.
Altura said it would wind down its USDT vault after redemptions rose to $8.5 million. Altura later said it paused withdrawals due to a maturity mismatch.
Main Street Finance’s msUSD Drops to $0.27 After Proof-of-Reserves Dashboard Shutdown
2026-06-22 19:52:53
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