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Watching The Peg

Pharos tracks live stablecoin conditions across market cap, peg stability, liquidity, and dependency risk.

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Depeg Tracker
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MSUSD 2026-06-21

Depeg event

Main Street USD depeg below peg — June 21, 2026

Detected under v6.093

Event summary

Direction: below peg
Peak deviation: 62.2%
Started: June 21, 2026
Ended: Ongoing
Duration: —
Peg reference: $0.9998
Start price: $0.3775
Peak price: $0.3775

Related incidents

Other recent peggedUSD depegs

2026-06-21USXpeak 57.8% below peg
2026-06-21USDRpeak 98.3% below peg
2026-06-13MAIpeak 19.2% below peg

Co-occurring stress events

2026-06-19EURSpeak 9.73% above peg
2026-06-15XAUmpeak 9.98% above peg

Stablecoin

Main Street USD (MSUSD) →

msUSD is Main Street's dollar token; redemptions target USDC but are capacity-limited and currently carry unresolved reserve-verification risk.

Methodology pin: v6.093 changelog