MainStreet defends MSUSD backing after 85% price drop
MSUSD traded near $0.378 on CoinGecko after falling far below its intended dollar peg.PeckShield said the Morpho msY/USDC market reached 100% utilization as liquidity concerns spread quickly online.MainStreet said assets remain fully backed, citing a third-party proof-of-reserves dashboard shutdown as cause publicly.
2026-06-21 11:08:46
