MSUSD Plunges 85% While Morpho Market Hits Full Utilization

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PeckShield said MainStreet Finance-related MSUSD fell as much as 85% while the Morpho msY/USDC market reached 100% utilization. AlphaUSDC Delta V2 has about 30% exposure, or about $18 million, to the market. The sell-off follows Accountable’s termination of its verification agreement with MainStreet Finance. MainStreet said its assets remain fully backed and has deployed over $8 million USDC to support liquidity.
MORPHO-3.61%
USDC0.01%
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