MainStreet's MSUSD stablecoin has experienced a significant price drop, trading near $0.378 after losing its dollar peg. This comes amidst concerns about Morpho's proof-of-reserve, with the msY/USDC market hitting 100% utilization. The incident has raised questions about the stability and security of the stablecoin.

MORPHO1.31%
USDC0.01%
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