# MSUSD

MSUSD crashes 80%—Another stablecoin collapses
MSUSD, a stablecoin pegged to the US dollar, dropped directly from $1 to $0.064 today.
Down over 80%. And this is a "stable" coin.
The trigger was the verification service provider Accountable suddenly ending the partnership, the reserve proof page going offline, and the oracle on Morpho being paused as well.
Users engaged in leveraged cycle borrowing were forced to liquidate, and borrowing rates soared.
The official statement is "assets are still fully backed"—do you believe that? Luna said the same back in the day.
What’s even more h

🤬📉 #MSUSD Accountable has terminated the service agreement with MainStreet because the latter "failed to meet the verification standards."
Meanwhile, MSUSD has lost its peg to the $.