Mainstreet has announced plans to integrate a new proof-of-reserves provider following the depegging of its MSUSD stablecoin. The company assured that MSUSD remains fully asset-backed, with no asset losses or insolvency issues. The depegging was triggered by the discontinuation of the existing proof-of-reserves service, leading to market concerns and increased borrowing rates as leveraged users exited positions. To address these issues, Mainstreet is implementing measures to restore independent verification and redeploy liquidity into the Morpho ecosystem. The company is prepared to act as the ultimate liquidity provider and liquidator if necessary, to prevent market disruptions and safeguard net asset value. Mainstreet aims to stabilize the situation despite limited weekend market liquidity and expects further clarity in the coming days.