msusd
The Anatomy of a Collapse: How Main Street’s msUSD Lost Its Peg in a $318 Billion Liquidity Crisis
The decentralized finance (DeFi) sector has been hit by another catastrophic event, reminiscent of the historical stablecoin collapses that have periodically shaken investor confidence in web3. On June 20, 2026, msUSD, the decentralized stablecoin issued by the Main Street protocol, suffered a devastating depegging event. Within a matter of hours, the stablecoin lost over 90% […]
