Crypto Briefing reported that Magic Internet Money (MIM), the dollar-pegged stablecoin based on the self-issued algorithm of the DeFi protocol Abracadabra (Abracadabra.money, SPELL), has continued to depeg and its price has dropped to $0.0446. Abracadabra is considering completely halting MIM operations and settling the remaining debt by paying only a fraction of its face value.
