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 ~0.282% of global M2 money supply today.
Data as of Sep 6, 2026
Price performance
7D
+13.18%
14D
+50.95%
30D
+58.17%
1Y
-46.68%
All-time
-46.54%
Market Cap
$40.23M
24h Volume
$2.3K
Best On-Chain APY
11.23%
On-Chain Holders
774
Summed across all deployed chains (per-chain wallets not de-duplicated)
Top 10 Holder %
98.34%
Underlying
Fiat / RWA-backed stablecoin
Key facts
via /coins/{id}Market Cap Rank
#514
Circulating Supply
75.33M
Total Supply
75.33M
All-Time High
$2 · 2025-08-17
Categories
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.
CEX Order Books
CoinGecko /coins/{id}/tickers
No centralized listings tracked for this asset.
DEX Pools
GeckoTerminal /onchain pools
| Market | Price | 24h Vol | Liquidity (TVL) | Slippage $10k |
|---|---|---|---|---|
 Uniswap V3Best | $0.538 | $1.83K | $221.92K | 8.27% |
| Balancer V3 Ethereum | $0.5395 | $511.28 | $129.54K | 13.37% |
| Uniswap V4 Ethereum | $0.3178 | $0 | $51.73K | 27.88% |
| Uniswap V4 Ethereum | $0.2876 | $0 | $20.32K | 49.61% |
| Uniswap V4 Ethereum | $0.3885 | $0 | $20.19K | 49.76% |
| Balancer V3 Ethereum | $0.5194 | $252.92 | $15.84K | 50.00% |
| Uniswap V4 Ethereum | $0.1225 | $0 | $13.82K | 50.00% |
| Uniswap V4 Ethereum | $0.3133 | $0 | $11.71K | 50.00% |
Top 10 on-chain holders
98.34% of supply| # | Holder | Network | Share | Value |
|---|---|---|---|---|
| 1 | 0x890a…d74a | Ethereum | 92.63% | $37.26M |
| 2 | 0xf3d2…d951SY msUSD (SY-MSUSD) | Ethereum | 2.13% | $855.34K |
| 3 | 0xb72d…7f98 | Ethereum | 0.95% | $383.7K |
| 4 | 0x536a…7fb2V3 Pool | Ethereum | 0.58% | $232.17K |
| 5 | 0x29f8…228e | Ethereum | 0.57% | $228.42K |
| 6 | 0xaa34…5dd5 | Ethereum | 0.47% | $189.97K |
| 7 | 0xff0e…94a8 | Ethereum | 0.44% | $178.56K |
| 8 | 0x4ba0…7c00 | Ethereum | 0.22% | $88.89K |
| 9 | 0xa5b6…cc45 | Ethereum | 0.18% | $71.45K |
| 10 | 0x2562…d28f | Ethereum | 0.17% | $70.22K |
Top holders across Ethereum · share = USD value ÷ market cap · source: GeckoTerminal. Concentration is informational, not a risk rating.
Recent on-chain trades
latest 20 · Ethereum| Time | Side | Price | Value | Network | Market | Tx |
|---|---|---|---|---|---|---|
| 11m ago | Sell | $0.538 | $11.11 | Ethereum | uniswap v3 | 0x487f…4d9c |
| 11m ago | Buy | $0.5194 | $10.73 | Ethereum | balancer v3 ethereum | 0x487f…4d9c |
| 11m ago | Buy | $0.5229 | $89.38 | Ethereum | uniswap v3 | 0x2d21…bc60 |
| 12m ago | Sell | $0.523 | $5.23 | Ethereum | uniswap v4 ethereum | 0x1ed9…3328 |
| 12m ago | Sell | $0.5188 | $10.38 | Ethereum | balancer v3 ethereum | 0x1ed9…3328 |
| 12m ago | Sell | $0.5227 | $88.87 | Ethereum | uniswap v3 | 0x1ed9…3328 |
| 8h ago | Buy | $0.5301 | $52.53 | Ethereum | uniswap v3 | 0xaee7…c9e5 |
| 8h ago | Sell | $0.5301 | $53.01 | Ethereum | uniswap v3 | 0xdaea…6b15 |
| 9h ago | Buy | $0.5299 | $53.36 | Ethereum | uniswap v3 | 0x0943…1722 |
| 9h ago | Sell | $0.5302 | $53.02 | Ethereum | uniswap v3 | 0xf93f…1d62 |
| 9h ago | Buy | $0.5295 | $52.47 | Ethereum | uniswap v3 | 0xc711…2221 |
| 9h ago | Sell | $0.5295 | $52.95 | Ethereum | uniswap v3 | 0xa53f…9e4c |
| 9h ago | Buy | $0.5297 | $52.48 | Ethereum | uniswap v3 | 0xa9e2…f51d |
| 9h ago | Sell | $0.5298 | $52.98 | Ethereum | uniswap v3 | 0x9407…71dd |
| 9h ago | Buy | $0.5284 | $61.26 | Ethereum | uniswap v3 | 0x36fa…b738 |
| 9h ago | Sell | $0.5266 | $52.66 | Ethereum | uniswap v3 | 0xdb24…d780 |
| 14h ago | Buy | $0.5395 | $317.85 | Ethereum | balancer v3 ethereum | 0x7b74…7e31 |
| 14h ago | Sell | $0.5396 | $11.34 | Ethereum | uniswap v3 | 0xaaa9…7a7e |
| 14h ago | Buy | $0.5185 | $10.9 | Ethereum | balancer v3 ethereum | 0xaaa9…7a7e |
| 14h ago | Buy | $0.5213 | $104.64 | Ethereum | uniswap v3 | 0x0a62…f79f |