What is Main Street USD (MSUSD)?
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.
Where can you buy Main Street USD?
Main Street USD (MSUSD) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for MSUSD sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for MSUSD. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.