RWA The algorithmic stablecoin Magic Internet Money (MIM) has depegged from its $1 target, currently trading around $0.89. The depeg is attributed to insufficient liquidity, raising concerns about the stability of algorithmic stablecoins.
The algorithmic stablecoin Magic Internet Money (MIM) has depegged from its $1 target, currently trading around $0.89. The depeg is attributed to insufficient liquidity, raising concerns about the stability of algorithmic stablecoins.