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Main Street msUSD Stablecoin Loses Dollar Peg and Crashes 90%
Key takeaways
- It now changes hands near $0.29, down roughly 71% over 24 hours, with its market value near $30.5 million.
- Accountable runs real-time proof-of-reserves checks that let firms verify holdings without exposing sensitive data.
- Accountable says its network has verified over $1 billion in client assets, including those of Galaxy and Amber Group.
Main Street ms USD Stablecoin Loses Dollar Peg and Crashes 90% Photo by Be In Crypto Lockridge Okoth Sun, June 21, 2026 at 3:12 AM GMT+7 3 min read Main Street USD (ms USD) lost its dollar peg on Saturday after verification provider Accountable ended its agreement with the protocol, erasing most of the token s value within hours.
The token had traded close to $1 for months. It now changes hands near $0.29, down roughly 71% over 24 hours, with its market value near $30.5 million.
Accountable runs real-time proof-of-reserves checks that let firms verify holdings without exposing sensitive data.
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