Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout

Posted on June 19, 2022
In $1 Parity, 1, Abracadabra, Abracadabra Money, Altcoins, Curve Pool, depeg, Magic Internet Money, MIM, MIM peg, Neutrino USD, Stablecoin, stablecoins, Terrausd (UST), Tron, USDD, USDN, UST

Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST) failure and USDD’s recent volatility last week. Stablecoin […]
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Author: toutiao

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