Is Main Street USD (MSUSD) halal or haram?
Not screened yet
We have not run our Shariah screening on Main Street USD yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
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.
The basics
- Where it lives
- token on sonic (also on ethereum)
- Circulating supply
- 75,447,606 MSUSD
- Total supply
- 75,447,606 MSUSD
- Category
- Stablecoins, USD Stablecoin, Ethereum Ecosystem
Who controls the coins
Token on Sonic. Its contract's source code is not published where we can read it, so who can freeze or create tokens could not be read from the chain. The same coin is deployed on other chains: on Ethereum (0x4ba01f22827018b4772cd326c7627fb4956a7c00), setMinter lets a 3-of-4 multisig wallet (0x0eae…1858) appoint any address to create new tokens, with no cap in the code. Whether those are the project's own copies or an unrelated bridge's is checked at screening.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening, and it is checked there.
The project's own sources
Checked on 23 September 2026. Every address above was fetched once to confirm it loads.