Abracadabra.money raises interest rates across all Cauldrons as MIM stablecoin drops to $0.50, a 36% decline in 24 hours, in effort to restore its dollar

Abracadabra.money raises interest rates across all Cauldrons as MIM stablecoin drops to $0.50, a 36% decline in 24 hours, in effort to restore its dollar

Abracadabra raised interest rates after its Magic Internet Money stablecoin fell more than 50% below its $1 peg on Wednesday.