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Record sog_st_msusd
msUSD/MainStreetUSD
Also recorded as msUSD, Main Street USD, MainStreet USD
- Lifecycle
- Restricted
- Issuance
- Restricted
- Reference target
- US dollar
- Primary organization
- MainStreet FinanceNo additional recorded relationship
- Launch
- Not yet recorded
- Redemption
- Restricted
- Backing
- Crypto-collateralized
- Stabilization
- Issuer redemption
- Last review
- 2026-06-22
- Evidence
- 5 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.USDC-referenced stablecoin issued by MainStreet Finance whose reserve-verification relationship ended and whose market price suffered a severe depeg in June 2026.
| Name | MainStreetUSD |
|---|---|
| Symbol | msUSD |
| Aliases | msUSD, Main Street USD, MainStreet USD |
| Asset class | Stablecoin |
| Lifecycle status | Restricted |
| Issuance status | Restricted |
| Canonical record ID | sog_st_msusd |
| Route slug | mainstreet-msusd |
| Record confidence | Medium |
| Last reviewed | 2026-06-22 |
- Name
- MainStreetUSD
- Symbol
- msUSD
- Aliases
- msUSD, Main Street USD, MainStreet USD
- Asset class
- Stablecoin
- Lifecycle status
- Restricted
- Issuance status
- Restricted
- Canonical record ID
sog_st_msusd- Route slug
mainstreet-msusd- Record confidence
- Medium
- Last reviewed
- 2026-06-22
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 5 |
| Reserve reports | 1 |
| Reserve components | 1 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 7 |
| Events | 2 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- Centralized
- Primary display organization
- MainStreet Finance
- Primary display role
- Protocol operator
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Deployment control-event references
- 0
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| MainStreet Finance | Company or corporate group | Not recorded in canonical data | British Virgin Islands | Protocol operator | Primary display | Not yet recorded | Not yet recorded | Active relationship |
Company or corporate group
Primary displayMainStreet Finance
- Functional role
- Protocol operator
- Relationship status
- Active relationship
- Regulatory character
- Not recorded in canonical data
- Jurisdiction
- British Virgin Islands
- From
- Not recorded
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- Not yet recorded
- Reference methodology
- msUSD targets one U.S. dollar under an issuer-managed USDC backing and redemption model.
- Public backing model
- Crypto-collateralized
- Canonical backing types
- Stablecoin Collateral
- Reserve component categories
- Stablecoin Collateral
- Primary stabilization mechanism
- Issuer redemption
- Recorded model description
- Issuer Claimed Usdc Backing with Separate Yield Strategy
- Redemption / exit model
- Restricted
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- Emergency impaired classification. msY remains a separate product.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- Issuer-stated USDC backingStablecoin Collateral · Records the claimed backing model only. Current reserve sufficiency and location are not independently confirmed.
| Disclosure status | Under Review |
|---|---|
| Backing types | Stablecoin Collateral |
| Summary | Official documentation describes an issuer-managed USDC backing model; current assurance status is under review. |
| As of | 2026-06-22 |
| Profile confidence | Medium |
- Disclosure status
- Under Review
- Backing types
- Stablecoin Collateral
- Summary
- Official documentation describes an issuer-managed USDC backing model; current assurance status is under review.
- As of
- 2026-06-22
- Profile confidence
- Medium
| Current status | Restricted |
|---|---|
| Settlement asset | USDC |
| Eligible parties | Approved users under program rules. |
| Retail access | Market Based Unless Approved |
| Institutional access | Approved Participant Direct |
| Minimum amount | Program terms dependent. |
| Fee | Program, network, liquidity, and settlement terms apply. |
| Settlement time | Program timing and capacity limits apply. |
| Regional limits | Program restrictions apply. |
- Current status
- Restricted
- Settlement asset
- USDC
- Eligible parties
- Approved users under program rules.
- Retail access
- Market Based Unless Approved
- Institutional access
- Approved Participant Direct
- Minimum amount
- Program terms dependent.
- Fee
- Program, network, liquidity, and settlement terms apply.
- Settlement time
- Program timing and capacity limits apply.
- Regional limits
- Program restrictions apply.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | MainStreet Finance | Issuer Claimed Usdc Backing Context with Verification Termination | Stablecoin Collateral | Medium |
MainStreet Finance
Not yet recorded- Type
- Issuer Claimed Usdc Backing Context with Verification Termination
- Assets covered
- Stablecoin Collateral
- Record confidence
- Medium
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Specific network recorded | ERC-20 | Issuer- or institution-supported deployment | Issuer Supported Token | Active | Active | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Identifier recorded; verification not recorded | Identifier recorded | 0x4ba01f22827018b4772CD326C7627FB4956A7C00 | Not yet recorded | Not yet recorded | 0 | Current msUSDV2 Ethereum address from official documentation. Legacy msUSD contracts and cross-chain OFT representations remain separate. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Welcome to MainStreet Published Not yet recorded | MainStreet Finance | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Identity, Claimed Usdc Backing, Claimed One to One Redemption, Msy Boundary, Identity Backing and Product Boundary | Archive index or wildcard | High |
| msUSD redemption process Published Not yet recorded | MainStreet Finance | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Kyc, Redemption, Usdc Settlement, Seven Day Cooldown, Concurrent Capacity | Archive index or wildcard | High |
| MainStreet key addresses Published Not yet recorded | MainStreet Finance | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Ethereum Contract, msUSDV2, Legacy Contract Boundary, Layerzero Oft, Deployment and Lineage | Archive index or wildcard | High |
| A single vendor termination just wiped 88% off a stablecoin that called itself institutional-grade Published 2026-06-21 | Startup Fortune | Independent news or analysis Canonical: News Report | Independent third-party source | Secondary source | Accountable Termination, Verification Standards, Depeg, Reported Intraday Low, Unconfirmed Insolvency, Verification Termination and Severe Depeg | Archive index or wildcard | Medium |
| MainStreet Finance Published Not yet recorded | MainStreet Finance | Official documentation or product page Canonical: Official Website | Subject-controlled source | Primary source | Operator Identity, Product Identity | Archive index or wildcard | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Exact Launch Date | The reviewed sources do not establish one day-level MainStreetUSD launch boundary. | Unknown after review | Low | 2026-06-22 |
| Accountable Primary Post Url and Timestamp | The exact Accountable primary-post URL and timestamp for the service termination have not yet been preserved in the evidence layer. | Unknown after review | High | 2026-06-22 |
| Current Reserve Sufficiency | Current USDC reserve sufficiency and any reserve deficit remain unconfirmed after public verification visibility was lost. | Unknown after review | High | 2026-06-22 |
| Current Redemption Execution | Current successful redemption volume, waiting time, capacity usage, rejection rate, and settlement performance are not established. | Unknown after review | High | 2026-06-22 |
| Issuer Incident Response | A complete issuer response addressing the verification termination, reserve status, and recovery mechanism has not been normalized. | Unknown after review | High | 2026-06-22 |
| Sustainable Peg Recovery | A temporary price rebound does not establish sustainable recovery to the one-dollar peg. | Unknown after review | High | 2026-06-22 |
| Msy and Lending Market Contagion | Realized losses, bad debt, liquidations, oracle failures, or withdrawal restrictions in msY-linked lending and vault systems are not yet established for SOG. | Unknown after review | High | 2026-06-22 |
Exact Launch Date
The reviewed sources do not establish one day-level MainStreetUSD launch boundary.
- Value state
- Unknown after review
- Priority
- Low
- Last checked
- 2026-06-22
Accountable Primary Post Url and Timestamp
The exact Accountable primary-post URL and timestamp for the service termination have not yet been preserved in the evidence layer.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-22
Current Reserve Sufficiency
Current USDC reserve sufficiency and any reserve deficit remain unconfirmed after public verification visibility was lost.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-22
Current Redemption Execution
Current successful redemption volume, waiting time, capacity usage, rejection rate, and settlement performance are not established.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-22
Issuer Incident Response
A complete issuer response addressing the verification termination, reserve status, and recovery mechanism has not been normalized.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-22
Sustainable Peg Recovery
A temporary price rebound does not establish sustainable recovery to the one-dollar peg.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-22
Msy and Lending Market Contagion
Realized losses, bad debt, liquidations, oracle failures, or withdrawal restrictions in msY-linked lending and vault systems are not yet established for SOG.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-22
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2026-06-20 | Accountable terminates verification services for MainStreet | Reserve change | Reserve Verification Termination | Restricted or impaired | Not applicable |
| 2026-06-20 | msUSD suffers severe market depeg | Depeg and peg stress | Depeg | Restricted or impaired | Not recovered |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- MainStreet FinanceBritish Virgin Islands
- Event registry2 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.