Main Street’s msUSD Depegs to $0.27 as Altura Winds Down USDT Vault
Main Street Finance’s msUSD depegged to $0.27 after a proof-of-reserves dashboard shutdown raised reserve questions. Accountable announced that it was terminating asset verification services with msUSD’s issuer. Altura said it would wind down its USDT vault after redemptions climbed to $8.5 million. Altura later said a maturity mismatch forced it to pause withdrawals.
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