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Will Magic Internet Money [MIM] become the latest domino to fall

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The latest victim of the crypto crash looks set to be Abracadabra’s a U.S. dollar-pegged stablecoin Magic Internet Money (MIM).

The talks of the de-pegging started to spread on 17 June. However, the Abracadabra founder still remains stern about the situation being in control.MIM is the latest stablecoin to lose its peg against the dollar during the ongoing crypto winter.

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