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Abracadabra Takes Emergency Action to Combat Worsening MIM Stablecoin Depeg
Abracadabra Finance has raised interest rates across all its Cauldrons in an emergency effort to stabilize its MIM stablecoin amidst a worsening depeg.

Abracadabra Finance has raised interest rates across all its Cauldrons in an emergency effort to stabilize its MIM stablecoin amidst a worsening depeg.

Apyx's apxUSD stablecoin briefly dropped to 93 cents, with the protocol stating this temporary depeg is an intended feature of its design.