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Record sog_ev_msusd_severe_depeg_2026

msUSD suffers severe market depeg

msUSD traded materially below its intended one-dollar peg after the verification-provider termination, with reporting placing the intraday low near nine cents.

Date
2026-06-20
Category
Depeg and peg stress
Subtype
Depeg
Status effect
Restricted or impaired
Recovery
Not recoveredNot yet recorded
Evidence
1 source record1 relations

Identity and classification

Overview

Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.
Date2026-06-20
Public event categoryDepeg and peg stress
Canonical event subtypeDepeg
Structured detail kindDepeg
Stablecoin subjectsMainStreetUSD
Organization subjectsMainStreet Finance
ImpactHigh
Effect on stablecoin lifecycleRestricted or impaired
Canonical status-effect valueImpaired
Recovery or reversalNot recovered
Recovery dateNot yet recorded
Cause or mechanismThe severe market dislocation followed loss of the prior public verification path; reserve sufficiency and direct-redemption performance remain unresolved.
Structured detail coverageStructured fields available below
Record confidenceMedium
Date
2026-06-20
Public category
Depeg and peg stress
Canonical subtype
Depeg
Structured detail kind
Depeg
Impact
High
Status effect
Restricted or impaired
Recovery
Not recovered
Recovery date
Not yet recorded
Cause or mechanism
The severe market dislocation followed loss of the prior public verification path; reserve sufficiency and direct-redemption performance remain unresolved.
Record confidence
Medium

Affected records

Subjects

Stablecoin and organization subjects remain separate record groups.
Stablecoin subject

MainStreetUSD

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Organization subject

MainStreet Finance

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Typed record

Structured detail

Event-type-specific facts remain visible with explicit value states.
Structured event detail
Depeg detail — DirectionBelow Peg
Depeg detail — Peg reference1 USD
Depeg detail — Extreme price0.09
Depeg detail — Maximum deviation9100 bps
Depeg detail — Recovery statusNot Recovered
Depeg detail — Recovery dateNot yet recorded
Depeg detail — Cause summaryThe severe market dislocation followed loss of the prior public verification path; reserve sufficiency and direct-redemption performance remain unresolved.
Depeg detail — Price-source recordssog_src_msusd_incident_batch_n
Depeg detail — Direction
Below Peg
Depeg detail — Peg reference
1 USD
Depeg detail — Extreme price
0.09
Depeg detail — Maximum deviation
9100 bps
Depeg detail — Recovery status
Not Recovered
Depeg detail — Recovery date
Not yet recorded
Depeg detail — Cause summary
The severe market dislocation followed loss of the prior public verification path; reserve sufficiency and direct-redemption performance remain unresolved.
Depeg detail — Price-source records
sog_src_msusd_incident_batch_n

Provenance

Evidence

Source identity, publisher, publication date, reliability, archive, and relation count remain separate.
1 source identity · 1 evidence relation
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
A single vendor termination just wiped 88% off a stablecoin that called itself institutional-grade
Published 2026-06-21		Startup FortuneIndependent news or analysis
Canonical: News Report		Independent third-party sourceSecondary sourceAccountable Termination, Verification Standards, Depeg, Reported Intraday Low, Unconfirmed Insolvency, Verification Termination and Severe DepegArchive index or wildcardMedium

Maintenance

Corrections and further reading

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