MSUSD Crashes 85% as Morpho msY/USDC Market Hits 100%

PeckShield flagged MainStreet Finance-related token MSUSD falling as much as 85%, while the Morpho msY/USDC market reached 100% utilization. AlphaUSDC Delta V2, a vault curated by AlphaPING, carries roughly 30% exposure to that market — about $18 million of capital now sitting in a frozen venue.