Tag: Depegs

spot_img

Emergency Action as Magic Internet Money (MIM) Depegs 50%

Decentralized finance platform Abracadabra said Wednesday that it launched emergency measures after its crypto-collateralized stablecoin, Magic Internet Money (MIM), fell 50% below its $1...

Resolv Labs’ Stablecoin Depegs Amid Exploit

A stablecoin tied to the crypto project Resolv Labs has lost its peg to the US dollar after an attacker was able to exploit...