Main Street USD (MSUSD) frozen stablecoin archive
msUSD was Main Street's dollar token; Pharos freezes it after Accountable terminated reserve verification and the token permanently depegged in June 2026.
Static Profile
Static stablecoin profile
Main Street USD (MSUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Jun 26, 2026
msUSD is Main Street's dollar token with a USDC redemption target, but Pharos no longer treats it as a clean USDC reserve passthrough. Main Street documents 1:1 USDC minting and redemption for verified users, yet the redemption path is capacity-managed, cooldown-bound, and can...
AI summary · drafted by gpt-5-codex · reviewed by Codex issue #384 review on Jun 26, 2026 · facts as of Jun 26, 2026
- Collateral
- Main Street docs described msUSD mint/redemption against USDC and strategy assets, but third-party verification was terminated and Pharos no longer treats the reserve base as active, verified dollar backing.
- Peg Mechanism
- Formerly redeemed by verified users through capacity-limited USDC withdrawals after a protocol cooldown. Following the June 2026 verification failure and depeg, Pharos treats msUSD as a frozen collapse case rather than an active redeemable dollar.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is MSUSD safe?
Main Street USD is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a CeFi-Dependent governance model, Crypto-Collateralized backing, curated reserve profile, and notes that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Jun 26, 2026.
MSUSD quick answers
What is Main Street USD (MSUSD)?
msUSD was Main Street's dollar token; Pharos freezes it after Accountable terminated reserve verification and the token permanently depegged in June 2026. The static profile records its US Dollar peg mechanism as: Formerly redeemed by verified users through capacity-limited USDC withdrawals after a protocol cooldown. Following the June 2026 verification failure and depeg, Pharos treats msUSD as a frozen collapse case rather than an active...
Is MSUSD safe?
Main Street USD is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a CeFi-Dependent governance model, Crypto-Collateralized backing, curated reserve profile, and notes that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.
What backs MSUSD?
Pharos classifies MSUSD backing as Crypto-Collateralized. Collateral, per the static profile: Main Street docs described msUSD mint/redemption against USDC and strategy assets, but third-party verification was terminated and Pharos no longer treats the reserve base as active, verified dollar backing. Reserve evidence: curated reserve profile.
Can MSUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. MSUSD is a frozen Pharos archive; the recorded history below is read-only.