Depeg event

Metronome Synth USD depeg below peg — July 23, 2026

Detected under v6.098 · confirmed via temporal:15m+primary:coingecko+primary:oracle:pyth+primary:protocol:curve+pool:aerodrome:direct_api

Event summary

Direction: below peg
Peak deviation: 22.8%
Started: July 23, 2026
Ended: Ongoing
Duration: —
Peg reference: $0.9999
Start price: $0.9898
Peak price: $0.7721

Related incidents

Other recent peggedUSD depegs

2026-07-27MAIpeak 19.2% below peg
2026-07-21avUSDpeak 5.35% above peg
2026-07-16USDXpeak 34.0% below peg

Other cdp incidents

2026-06-24REUSDpeak 44.5% below peg
2026-06-24MAIpeak 19.2% below peg

Stablecoin

Metronome Synth USD (MSUSD) →

msUSD is Metronome's overcollateralized synth stablecoin minted against USDC, DAI, ETH, WBTC, and Vesper yield tokens at 75-85% CF, with no direct redemption.

Methodology pin: v6.098 changelog