Svmuu News: According to Mainstreet’s monitoring, Main Street USD (MSUSD), a dollar-pegged algorithmic stablecoin, has deviated from its peg and is currently trading at $0.36, down 64.1% over the past 24 hours. Mainstreet responded that the asset remains fully backed. The recent shutdown of the third-party reserve proof dashboard does not indicate a reduction in assets or a deterioration in portfolio quality, but rather issues at the infrastructure and reporting levels. Due to the takedown of the reserve proof page, the oracle supporting the Morpho market is expected to be suspended within the next 24 hours, leading to accelerated liquidations among users engaged in leveraged circular lending and a significant rise in borrowing rates. Mainstreet stated that its current top priority is to protect NAV and maximize protocol liquidity, while continuing to prioritize the protection of user funds, maintaining net asset value, and restoring normal market operations as soon as possible.