Main Street USD MSUSD
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Key Facts
Main St delivers institutional-grade delta-neutral yield strategies through a dual-token system — msUSD (the yield-generating token) and smsUSD (the staking token) — with high-yield options trading strategies on Sonic. Main St builds upon this foundation with a different strategy focus. While Ethena specializes in the basis trade (cash and carry), Main St pioneers options arbitrage as our primary yield engine. This approach captures inefficiencies between implied and realized volatility in options markets, providing a complementary alternative in the delta-neutral ecosystem. This information
- Market Cap Rank: #402
- Total Supply: 71,093,162 MSUSD
- Circulating Supply: 70,466,511 MSUSD
- Locked Ratio: 0.9%
- All-Time High (USD): $2.00 (2025-08-17)
- All-Time Low (USD): $0.972386 (2026-05-08)
- Fully Diluted Valuation: $71,128,130
- Categories: Stablecoins, USD Stablecoin, Ethereum Ecosystem, Sonic Ecosystem
Main Street USD (MSUSD) market structure
Derived from this coin's own rank, all-time high and low, supply figures and category tags — not from a template. Every figure below is stated with the date or ratio it came from.
What MSUSD actually is on-chain
Main Street USD is an ERC-20 deployed on Sonic, at contract address 0xe5fb2ed6832def99dde57c0b9d9a56537c89121d. That address, not the ticker MSUSD, is what uniquely identifies this asset: anyone can deploy a second token calling itself MSUSD, but the contract is unforgeable. Verify it against sonicscan.org before sending funds or approving a spend.
Because it lives on Sonic, MSUSD is held in any EVM-compatible wallet, transfers are paid for in S rather than in MSUSD itself, and secondary liquidity sits in SwapX pools. Two consequences follow for anyone setting alerts: you need S in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.
Another asset tracked on this site also uses the ticker MSUSD: Metronome Synth USD (Ethereum, 0xab5e…befa). The asset on this page is specifically the Sonic deployment at 0xe5fb…121d. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.
For MSUSD the project publishes a whitepaper and an active account as @Main_St_Finance. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.
Where MSUSD sits in the market
#402 places Main Street USD in the lower mid-cap band. At this end of the mid-cap band listing status is not a fixed property. Exchanges review names like MSUSD on volume grounds, and a delisting notice repricing the asset faster than any chart pattern is a more realistic tail risk than anything in the indicator set.
We are not currently receiving a live MSUSD order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. MSUSD is a Sonic asset, so whatever turnover exists is most likely in SwapX pools rather than on a centralised book, and every fill there costs S in gas on top of the pool's own fee.
MSUSD against its all-time high
Main Street USD's record high is $2.00, set on 2025-08-17. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. It was set roughly 1 years ago, so it belongs to the current cycle but not to current conditions. We are not quoting a drawdown from it because no tracked venue is giving us a live MSUSD price — a stale or single-pool number would make that percentage look precise when it is not.
MSUSD across its historical range
The recorded range is comparatively narrow: 2.06x between $0.9724 and $2.00. Either the price history is short, or the asset is designed not to move.
The record low of $0.9724 was printed on 2026-05-08 — within the last six months. We have no live quote to measure the current distance from it.
MSUSD supply structure
There is no fixed maximum supply for MSUSD. Total supply stands at 71.1 million MSUSD and essentially all of it — 99.1% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. The supply is small in unit terms, so the per-token price is high and each whole-unit level carries real weight as a psychological threshold.
What kind of asset MSUSD is
Main Street USD is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. Our dataset does not record which backing model this token uses, which is itself worth resolving before holding it: reserve-backed, collateral-backed and algorithmic pegs fail in very different ways and on very different timescales. Its size is mid-range for the category — large enough to be quoted continuously, small enough that a single large redemption is visible in the price.
CoinGecko files MSUSD under 4 categories, including Stablecoins, USD Stablecoin, Ethereum Ecosystem, Sonic Ecosystem. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network.
How to set a Main Street USD alert that is worth receiving
Main Street USD is the ERC-20 at 0xe5fb…121d on Sonic — high dated 2025-08-17 — rank #402. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.
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