Main Street msUSD Stablecoin Loses Dollar Peg and Crashes 90%
Main Street msUSD Stablecoin Loses Dollar Peg and Crashes 90%
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The Main Street msUSD stablecoin has depegged from the dollar and lost 90% of its value. This significant crash occurred after Accountable ended its verification deal with Main Street, leading to a near total loss for the token's holders.
msUSD lost its dollar peg after Accountable ended its Main Street verification deal, erasing most of the token's value.
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