Depeg event
MSUSD Depeg, July 23, 2026: 55.6% Below Peg
Detected under v6.098 · confirmed via temporal:15m+primary:coingecko+primary:oracle:pyth+primary:protocol:curve+pool:aerodrome:direct_api
MSUSD moved below peg at 11:05 UTC on July 23, 2026, with a peak deviation of 55.6% at $0.4439. The event remains ongoing.
The checked-in price path starts at $0.9898 against a recorded peg reference of $0.9999. Pharos captured the incident through live monitoring and evaluates it under v6.098. Confirmation evidence is recorded as “temporal:15m+primary:coingecko+primary:oracle:pyth+primary:protocol:curve+pool:aerodrome:direct_api”. The source row also retains the quality flag “confirmation-window”. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
- Direction
- below peg
- Peak deviation
- 55.6%
- Started
- July 23, 2026
- Ended
- Ongoing
- Outcome
- Ongoing
- Duration
- —
- Peg reference
- $0.9999
- Start price
- $0.9898
- Peak price
- $0.4439
Related incidents
Other recent peggedUSD depegs
Other cdp incidents
Stablecoin
Metronome Synth USD (msUSD) →msUSD is Metronome's crypto-backed synth; its July 2026 shortfall was reported resolved in September, while the synth swap remains closed.
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