Stablecoin Crash? (opens in new tab)

Cointelegraph: “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 peg.” I have spent a lot of time vacillating between being Blockchain-Curious and Crypto-Skeptical. As an exercise, let’s consider the pros- and cons- of Stablecoins, and whether there… The post appeared first on .