Abracadabra weighs shutting down MIM after prolonged depeg

Abracadabra.money’s in-house algorithmic dollar-pegged stablecoin Magic Internet Money (MIM) has remained depegged, with its price falling to $0.0446, Crypto Briefing reported. Abracadabra is considering fully discontinuing MIM operations and settling its remaining debt at only a fraction of face value.