Magic Internet Money
Market Open
15 Jun, 10:55
$
0. 000273
+0.000018
+7.1457%
$
18.95M Volume
$ 0.000255
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MIM stablecoin drops to $0.87 as algorithmic dollar tokens keep losing their pegs
Abracadabra's MIM stablecoin took a major reputation and valuation hit today June 12 as it fell as low as $0.87 across multiple chains. The dollar-pegged token's slide adds to a growing list of algorithmic dollar tokens that have failed to hold their $1 target when liquidity dried up.
Cryptopolitan | 2 days ago
