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.
- Macro context: MSUSD is part of the tokenized money market, which represents only ~0.283% of global M2 money supply today.
Data as of Sep 6, 2026
Price performance
7D
-15.40%
14D
+4.56%
30D
—
1Y
-46.80%
All-time
-47.07%
Market Cap
$40.21M
24h Volume
$221.86
Best On-Chain APY
6.58%
On-Chain Holders
769
Summed across all deployed chains (per-chain wallets not de-duplicated)
Key facts
via /coins/{id}Market Cap Rank
#518
Circulating Supply
76.05M
Total Supply
76.05M
All-Time High
$2 · 2025-08-17
Categories
News & Insights
Alerts & digests
Coming soonReal-time price, NAV, mint, redemption alerts
Get pinged the moment MSUSD crosses a price or spread threshold you set, or automated.
Breaking news alerts
Issuer, regulatory and depeg news for MSUSD — the second it drops.
Daily summary
A once-a-day digest of MSUSD's price, best yield and market moves in your inbox.
Analyze & download 24/7 history
Full round-the-clock historical data for MSUSD — including off-market-hours — exportable to CSV.
Analyse with insight & news
AI-assisted analysis of MSUSD paired with the latest issuer, regulatory and market news.