NEAR Foundation will help to safely stop the operation of a stable USN coin. The project ceases its operations due to insufficient provision of stablecoin and high risks.
NEAR Foundation will help to safely stop the operation of a stable USN coin. The project ceases its operations due to insufficient provision of stablecoin and high risks.
Decentralized stablecoin had added a stability support with centralized USDC reserve. After Tornado Cash ban this reserve can become a source of problems by itself.
The stable coin of the Abracadabra ecosystem has lost its peg to the dollar. The cancellation of the Magic Internet Money (MIM) binding occurred on Friday, at 7:40 pm Eastern time. Eventually, the price of the token collapsed to $0.926 in three hours.