Main Street USD (msUSD) suffered a dramatic collapse over the weekend after verification provider Accountable terminated its partnership with the protocol, causing the stablecoin to lose its dollar peg and wiping out a significant portion of its market value. The stablecoin, which had traded close to $1 for several months, plunged to around $0.29 within hours of the announcement. The sharp decline represents a loss of approximately 71% in the last 24 hours, reducing msUSDs market capitalization to roughly $30.5 million. Accountable, a proof-of-reserves verification company backed by Pantera… Read more
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